On Tuesday October 18, 2011 in Palo Alto at Pillsbury Winthrop, SVForum presented the SVForum Quarterly Venture Breakfast with Pillsbury Winthrop and PricewaterhouseCoopers. The topic was “The Investment Landscape in Smart Grid.” Allison Leopold Tilley of Pillsbury Winthrop moderated panelists Matt Garratt of Battery Ventures, Nick Mignano of Crosslink Capital, Angela Sanford of PricewaterhouseCoopers and Paul Straub of Claremont Creek Ventures.
While money is going into the smart grid, there have been problems getting it out. Smart meters meet increasing opposition despite their goal to recognize and reduce peak demand for utilities. Shifting government policies make it difficult for startups to carry out a consistent long-term strategy. Domestic growth seems to be in a smart gridlock while global competitors roll out new projects in developing countries and offer government-subsidized products to consumers. It seems that to succeed in the smart grid, a startup must get a utility CEO to sign a big check for a long term deal.
Copyright 2011 DJ Cline All rights reserved.