Welectricity, a social network created in St Vincent and that Grenadines, that helps users track and reduce their electricity consumption at home, has been named by General Electric (GE) as one of the 10 award-winners of their global Ecomagination Smart Grid Challenge.
At an award ceremony held yesterday in New York City, GE named five US$100,000 innovation award winners, an additional five US$10,000 consumer innovation award winners and announced 12 business partnerships that will attract a total venture capital investment of $55 million. Other venture partnerships, up to a total investment of US$200 million, are planned to be announced by GE over the next year and a half.
See how Welectricity works HERE.
