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Smartgrid Developer Nexant Secures $43M Investment

San Francisco-based Nextant, a software developer for the smart grid industry, has closed a $43 million financing led by Oak Investment Partners and Intel Capital. Existing investors, TeleSoft and Beacon, also pitched in.

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Smart Grid Startup eMeter Secures $12.5M

San Mateo, Calif.-based eMeter Corporation, a developer of management software for the smart grid industry,� has raised $12.5 million in new funding� from returning investors Sequoia Capital and Foundation Capital. Northgate Capital also participated as a first-time investor.

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China to Invest $7.3 bln in Smart Grid Projects in 2010

China will invest $7.3 billion on smart grid projects this year, according to data compiled by Austin, Tex.,-based market research firm Zpryme.

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� And Announces $600M Funding for Smart Grid and Energy Storage [Update -- 1:31 PM]

Update� | 1:31 PM: The DOE just emailed us the release on the $620 million smart grid funding announcement. The funding will support 32 projects across the country. Of the $620 million, $435 million will support fully integrated, regional smart grid demonstrations in 21 states, representing over 50 utilities and electricity organizations with a combined…

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GridWise Urges State PUCs to Approve Smart Grid Projects

State regulators should green light smart grid projects even if they’re not backed by stimulus funding, urges GridWise Alliance, a Washington-based public-private partnership devoted to grid modernization. In a letter to�public utility commissioners, which are meeting this week in Chicago for their annual convention,�GridWise Alliance President Katherine Hamilton writes: We would like to recommend that…

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