Onzo scores partnership to reduce energy consumption
Onzo, provider of software that helps users view and slash their energy expenses via a simple web portal, just forged a partnership with smart grid technology firm Silver Spring Networks. Based in London, Onzo builds applications that would let users select online where they can sacrifice some power, lowering their electricity bills as well as the risk of blackouts.
Silver Spring Networks says it already has a contract to build a smart grid serving up to 1.9 million customers in Delaware, Maryland, New Jersey and Washington D.C., according to VentureWire. In the meantime, Onzo has raised about $2.9 million in capital from Scottish & Southern Energy and Sigma Capital Group, among others.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.