Thanks
to my friend Ryan for this article. Having real-time information about
consumption can really change behavior and encourage conservation.
Someday we will all have real-time displays in our homes that will
allow us to monitor our consumption and see what we are paying for it in
real-time. Very cool stuff!
by Rebecca Buckman - Forbes.com
Link to article
The stock market's blowup is crippling many Silicon Valley startups that need cash. Raising funds privately is hard, going to the public markets next to impossible.
Then there's an outlier: Silver Spring Networks, an under-the-radar firm that expects $100 million-plus in revenue this year and double that in 2010. The Redwood City, Calif. company boasts big-name backers and is making a play in the politically popular business of upgrading the nation's aging, out-of-shape electric grid. (The Obama stimulus package contains money for "smart grid" projects, among other goodies.)
Silver Spring's networking gear is being deployed on a large scale by utilities such as California's Pacific Gas & Electric and Washington, D.C.'s Pepco Holdings, which together have 7 million customers. Last year the company hired Warren Jenson, who ran the books at Amazon.com and nbc, as financial chief. He presumably knows a thing or two about managing money at a public company.