Yoram Valent, GridON - Academic Enterprise 2011 GE Smart Grid Award Winner

Yoram Valent makes his elevator pitch during the Academic Enterprise Awards Europe (ACES) conference, 3 February 2011 at the Swiss Federal Institute of Technology (ETH Zurich), in the 'Meet the ACES' session led by BP's Group Head of Research and Technology David Eyton and Dean of INSEAD J. Frank Brown.

Yoram Valent from Bar Ilan University in Israel won the GE Smart Grid Award for GridON, a spin-out commercialising Valent's innovative Fault Current Limiter (FCL) which improves control of fault currents on electricity grids. GridON's technology is more effective than existing solutions and less costly. Short circuits are becoming more frequent as electricity networks expand to meet increasing energy demand and carry renewable sources of energy that flow intermittently. 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. GE's participation in ACES 2011 is part of a $200 million investment programme to invest in new 'smart grid' technologies, the GE 'ecomagination' challenge.

The ACES awards reward academic entrepreneurship.

http://www.sciencebusiness.net/aces

Category:

Science & Technology

Tags:

• Yoram Valent
• GridON
• ACES
• GE
• Smart Grid
• ETH Zurich
• BP
• David Eyton
• INSEAD
• Frank Brown
• Bar Ilan University
• Israel
• Fault Current Limiter
• Electricity Grids
• Ecomagination
• Academic Entrepreneurship
• Enterprise

[batshevaelran]

great achievement by great entrepreneurs!!!