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EXAMINER.COM:
Last week, we told you about how Oklahoma Gas & Electric received $130 million dollars in “stimulus” funds to install new “smart grid” electricity meters. (We have yet to figure out how this saves or creates a job yet!) But thanks to the New York Times (of all places!) we do know of one person’s bank account that is being stimulated quite handsomely:
WASHINGTON — Former Vice President Al Gore thought he had spotted a winner last year when a small California firm sought financing for an energy-saving technology from the venture capital firm where Mr. Gore is a partner.
The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient. It came to Mr. Gore’s firm, Kleiner Perkins Caufield & Byers, one of Silicon Valley’s top venture capital providers, looking for $75 million to expand its partnerships with utilities seeking to install millions of so-called smart meters in homes and businesses. Read more…
Tuesday, November 3rd, 2009 Uncategorized Trackback URL for this entry
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1 Comment
1. Beware the smart meter at&hellip replies at 19th November 2009, 4:59 pm :
[...] The smart grid is not your friend. The smart meter is not to be welcomed with open arms. Rest assured, that with men like Al Gore and his alarmist myths which he passes off as science pushing for the smart grid, …. [...]
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