EGM News
7 articles
growth-positive
New power grids or smarter grids? Finding hidden spare capacity could unlock the bottlenecks to net zero
Amir Cohen, CEO of EGM, discusses the challenges facing power grids due to climate change and the increasing integration of renewable technologies. He suggests that smart grids could be a solution, adapting to changing climate conditions and accurately predicting their maximum capacity. This could reduce the need for expensive grid expansions and safely increase the capacity of existing networks. He also mentions a successful Dynamic Line Rating (DLR) pilot in Israel that used multi-sensing grid-monitoring systems to identify opportunities for extra capacity. This technology could help integrate more renewable energy sources and support greater loads from electric vehicles and other appliances.
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growth-positive
Electrical Grid Monitoring™ (EGM™) Announces Strategic Alliance with Israel Electric Corporation (IEC) for Grid Modernization Leadership
Electrical Grid Monitoring (EGM) Ltd. has announced a $1M investment from Israel Electric Corporation (IEC) in a joint strategic alliance. The partnership will allow EGM to introduce more innovative grid modernization products for smart cities in the future. IEC concluded that EGMs monitoring hardware and software improves the reliability of the grid, reduces power failures, and prepares the grid for the integration of renewable power plants and electrical vehicle chargers. EGM is the leading technology company with innovative grid monitoring products. The company is headquartered in Israel with a subsidiary in Los Angeles, California.
Investment
growth-positive
Electrical Grid Monitoring™ (EGM™) Announces Successful Completion of the GCxN Project Earning Recognition in the Utility Power Industry
Electrical Grid Monitoring (EGM) Ltd. has successfully completed a study on their Meta-Alert system for fault detection in electrical networks. The study showed a significant increase in fault detection speed, accuracy, and customer load availability compared to traditional schemes. EGM participated in the GCxN program and was acknowledged as a global trailblazer in the utility power industry. The company is now able to share the benefits of their Meta-Alert technology with utility customers. EGM is a leading technology company in grid monitoring, headquartered in Israel with a subsidiary in Los Angeles, California.
CustomersPartners
growth-positive
Electrical Grid Monitoring (EGM) Completes $17.5 Million Funding Led By Energy Growth Momentum, Supporting Energy Utility Efforts In North America To Modernize The Grid
Electrical Grid Monitoring (EGM) Ltd. has completed a $17.5M fund raising round led by Energy Growth Momentum. The investment will accelerate EGMs plan to support global grid modernization efforts and the adoption of renewable generation. EGM has developed a holistic system for managing power grids, including integration of DERs, dealing with extreme climate phenomena, and enabling grid virtualization. The investment will help EGM grow its market penetration in the United States and Europe. EGM is well positioned to launch its entry into the utility grid modernization market in the U.S. The company is headquartered in Israel with a subsidiary in Los Angeles, California.
Investment
growth-positive
EGM joins NRECA's MultiSpeak® Initiative
Electrical Grid Monitoring Ltd. (EGM) announced its support for the National Rural Electric Cooperative Associations (NRECA) MultiSpeak® Initiative for interoperability. EGMs Meta-Alert™ system enables power grid modernization and addresses issues such as renewable energy usage, proactive maintenance, and electric vehicle integration. By supporting the MultiSpeak® standard, EGMs system can be easily integrated into coop utilities management systems, reducing grid ownership costs and maximizing asset utilization. EGMs CEO, Amir Cohen, expressed excitement about joining the MultiSpeak® community. The article does not mention any specific partners, investors, customers, valuation amount, acquisition amount, investment amount, layoffs, or the date of the event. The confidence level is 8.
Partners
growth-positive
Four Companies Selected for First GCxN Cleantech Accelerator
The Shell GameChanger Accelerator Powered by NREL (GCxN) has announced its first round of startup companies. The accelerator aims to focus on technologies enabling the grid of the future through long-term energy storage and controls. Four companies have been named to the inaugural cohort and will receive up to $250,000 in non-dilutive funding, access to expertise and laboratory capabilities at both NREL and Shell, and the opportunity for future follow-on funding and beta-testing with a strategic program partner. The selected companies are Antora Energy, e-Zn, Electrical Grid Monitoring Ltd., and Feasible, Inc. The GCxN program is a collaboration between Shell GameChanger and the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).
PartnersInvestment
growth-positive
IBM adopts Israeli solution to save 'lost' electricity
Israel’s EGM (Electric Grid Management) has been acquired by IBM and will now be part of IBM’s Insights Foundation for Energy solution. The technology developed by EGM is designed to help utility companies reduce the amount of electricity lost in distribution, a problem that can account for between 6% and 20% of all electricity produced. EGM’s system will be offered to customers on the IBM network to help them quickly and efficiently detect where there might be “leaks” on their grids.
AcquisitionCustomers
