News and Events
GridON's Award Winning Fault Current Limiter Selected by The Energy Technologies Institute to be Tested in a £4m Project on a Live Power Network Environment at UK Power Networks - The Next Step in the Evolution of Stable and Safer Electricity Networks
July 11, 2011
GridON's unique Fault Current Limiter (FCL) solution, which has won significant international recognition, has been selected by the Energy Technologies Institute (ETI) to be developed and tested in a £4m project aiming to reduce the impact of fault currents on electricity networks and helping the growth and increased flexibility of distribution systems while minimizing capital expenditure in upgrading the UK electrical networks.
ETI launches £4m project with GridON to enable evolution of UK's electricity distribution networks
July 11, 2011
A £4m project has been launched by the Energy Technologies Institute (ETI) working with GridON which will reduce the impact of faults on electricity distribution networks, helping the growth and increased flexibility of distribution systems, with more low carbon electricity generation installed in the distribution system.
GridON technology will help keep the lights on, by Michael Kenward, Science|Business
The winner of the GE Smart Grid Award in the Science|Business Academic Enterprise Awards – presented at ETH Zurich in February - has developed technology to prevent electricity blackouts caused by lightening strikes and power surges.
Innovators Recognized in ACES 2011 Award
GridON won the prestige GE Smart Grid Award in the third annual ACES Academic Enterprise Awards, held in Zurich in February 2011. The judges noted that GridON's technology is important because when electricity grids operate close to capacity, intermittent flows can shut down the entire system. The annual ACES awards, the top pan-European contest for academic entrepreneurs, recognizes excellence among university spin-out companies and involves several technology multinationals such as Microsoft, GE and BP. The event took place this year at ETH Zurich, one of the world's leading technology universities.
GE Innovation Award
GridON was among five winners of the GE’s ecomagination, Powering the Grid Challenge Award held in November 2010. The challenge is part of General Electric's work to accelerate development of the next generation power grid and global energy transformation through open collaboration. >GridON received US$100,000 in recognition of its novel fault current limiting technology and products. Some 4,000 ideas were generated during the challenge. "This is important validation for our technology," said GridON's CEO Yoram Valent. "It demonstrates that combining academic research with entrepreneurial skills can create an exciting and innovative solution which brings meaningful benefits to the industry."
Beth Comstock, Senior Vice President and Chief Marketing Officer for GE, said: "We launched the Challenge to encourage new thinking and spur innovation at every level of development. The smart thinking and compelling business cases presented make these innovation award winning ideas examples of pioneering entrepreneurship.
New Offices
GridON has moved into its new headquarters in Givatayim, Israel. The offices incorporate corporate headquarters, R&D, marketing and sales.
First Round Investment
GridON has announced that it has achieved its first round of financing with the investment of Wilson Transformers Company of Australia (www.wtc.com.au). The investment will enable GridON to expand its R&D and engineering activities and embark on an international marketing and sales program.
GridON's Award Winning Fault Current Limiter Selected by The Energy Technologies Institute to be Tested in a £4m Project on a Live Power Network Environment at UK Power Networks - The Next Step in the Evolution of Stable and Safer Electricity Networks
July 11, 2011
GridON's unique Fault Current Limiter (FCL) solution, which has won significant international recognition, has been selected by the Energy Technologies Institute (ETI) to be developed and tested in a £4m project aiming to reduce the impact of fault currents on electricity networks and helping the growth and increased flexibility of distribution systems while minimizing capital expenditure in upgrading the UK electrical networks.
ETI launches £4m project with GridON to enable evolution of UK's electricity distribution networks
July 11, 2011
A £4m project has been launched by the Energy Technologies Institute (ETI) working with GridON which will reduce the impact of faults on electricity distribution networks, helping the growth and increased flexibility of distribution systems, with more low carbon electricity generation installed in the distribution system.
GridON technology will help keep the lights on, by Michael Kenward, Science|Business
The winner of the GE Smart Grid Award in the Science|Business Academic Enterprise Awards – presented at ETH Zurich in February - has developed technology to prevent electricity blackouts caused by lightening strikes and power surges.
Innovators Recognized in ACES 2011 Award
GridON won the prestige GE Smart Grid Award in the third annual ACES Academic Enterprise Awards, held in Zurich in February 2011. The judges noted that GridON's technology is important because when electricity grids operate close to capacity, intermittent flows can shut down the entire system. The annual ACES awards, the top pan-European contest for academic entrepreneurs, recognizes excellence among university spin-out companies and involves several technology multinationals such as Microsoft, GE and BP. The event took place this year at ETH Zurich, one of the world's leading technology universities.
GE Innovation Award
GridON was among five winners of the GE’s ecomagination, Powering the Grid Challenge Award held in November 2010. The challenge is part of General Electric's work to accelerate development of the next generation power grid and global energy transformation through open collaboration. >GridON received US$100,000 in recognition of its novel fault current limiting technology and products. Some 4,000 ideas were generated during the challenge. "This is important validation for our technology," said GridON's CEO Yoram Valent. "It demonstrates that combining academic research with entrepreneurial skills can create an exciting and innovative solution which brings meaningful benefits to the industry."
Beth Comstock, Senior Vice President and Chief Marketing Officer for GE, said: "We launched the Challenge to encourage new thinking and spur innovation at every level of development. The smart thinking and compelling business cases presented make these innovation award winning ideas examples of pioneering entrepreneurship.
New Offices
GridON has moved into its new headquarters in Givatayim, Israel. The offices incorporate corporate headquarters, R&D, marketing and sales.
First Round Investment
GridON has announced that it has achieved its first round of financing with the investment of Wilson Transformers Company of Australia (www.wtc.com.au). The investment will enable GridON to expand its R&D and engineering activities and embark on an international marketing and sales program.