Archive for the ‘Company News’ Category
Optimum Energy, developer of software that intelligently adjusts a building’s temperature in order to reduce energy consumption, raised $12.2 million from Navitas Capital and Columbia Pacific Capital Management. The company is based in Seattle. The company has been experiencing “torrid” growth.
Source: John Cook, Geekwire, June 7, 2013.
Itron has completed the installation of 25,000 smart water, heat, and gas meters and communication modules and its fixed network for Sino-Singapore Tianjin Eco-City in Tianjin, China. The system measures, collects, and analyzes data from water, heat and gas meters. The system is expected to enable Tianjin to make smart decisions about city services.
Read the press release here.
An analysis authored by Erik Venteris of Battelle/Pacific Northwest National Laboratory shows that U.S. resources might support the growth of enough algae to produce up to 25 billion gallons of algae-based fuel a year, one-twelfth of annual needs.
Snohomish County Public Utility District (PUD), 1Energy Systems, and Parker Hannifin have announced that Parker will supply a one-megawatt, MESA-compliant 890 GTB power conversion system (PCS) as a core component of the MESA-1 energy storage system. The joint announcement was made at the 23rd Annual Electricity Storage Association (ESA) Conference, in Santa Clara, CA, where the panel discussion “Control Systems to Enable Energy Storage Applications” will include details on MESA. 1Energy Systems and Parker Hannifin are both members of the Electricity Storage Association. Read More…
Matrix Genetics has raised capital for its algae biofuel technology. Deal terms were not disclosed but Avista is an investor.
Read the full story at the source: Luke Timmerman, Xconomy, May 16, 2013.
Itron has announced that the City of Olympia has selected its advanced metering infrastructure (AMI) solution to increase operational efficiency and more effectively manage its water resources. The solution will also enable the City to improve customer service and encourage water conservation. Read More…
Source: Bradley Olson, Why Natural Gas-Powered Vehicles Are Catching On, BloombergBusinessWeek, May 2, 2013. This article mentions several WCTA members.
World CNG: Garret Alpers, founder and CEO of World CNG, a Seattle-based company that converts traditional gasoline cars into dual-fuel vehicles for as little as $8,000, estimates a taxi owner could recoup his expense in a year.
In 2008, as the recession eroded his business building race cars, Alpers ventured into natural gas conversions. By 2011 the company had revenue of $10 million; in 2012 it rose to about $14 million. He expects to do $30 million this year and as much as $60 million in 2015. “The transportation sector for natural gas has the opportunity to really pop in the next few years,” Alpers says.
Plum Energy: “These are early days, but we’re on the brink of one of those tectonic shifts that occur every 100 years in the energy game,” says Kirt Montague, chief executive officer of Plum Energy, which develops fueling networks for trains, ships, and drilling rigs powered by natural gas. “For years, I felt like we were the only ones drinking the Kool-Aid. Now that’s no longer the case.”
Silver Award Winner: McKinstry, Seattle
“You might best know McKinstry as a commercial-building manager, but it also runs a significant manufacturing operation, including a 150,000-square-foot fabrication facility. In 2012, McKinstry put $2 million into such improvements as a new line for making rectangular ductwork. The new line can produce 60 percent more in the same time as the old one. McKinstry’s goal is to have components delivered to a job site on modular skids without requiring much field fabrication before installation. The results, McKinstry says, are better quality, lower costs, faster delivery and safer job sites.”
Source: Seattle Business, May 2013.
9Slides Inc., a leading developer of online presentation platforms, today announced the appointment of former Microsoft and software industry veteran Aaron Khoo as Director of Engineering.
Khoo is a software industry veteran with a strong background in building and leading software teams and managing the delivery of projects, from conception to completion, for a variety of companies, including Microsoft. Prior to joining 9Slides, Khoo served in the executive capacity as President and Chief Technology Officer for several technology startups. He spent nearly 10 years with Microsoft as principal development lead on a variety of projects, including Xbox, Interactive Entertainment Business Analytics team and Windows Gaming Experience. He holds several patents for software and gaming and a PhD in computer science from Northwestern University. Read More…
Traffic may be getting worse, but it’s a good indicator of a rebounding economy.
That’s the latest from Kirkland-based traffic data company INRIX, which just released its sixth annual Traffic Scorecard Annual Report. The company found that after two years of declining traffic congestion, including a 22 percent decrease in 2012, gridlock is increasing through the first few months of 2013. Read More…