Vphase Share Discussion Threads

[typo56] 28/6/2011 08:24

lol, still no sales then!

[aughton 3] 28/6/2011 08:12

VPhase plc

("VPhase" or the "Company" or the "Group")

Procurement for Housing Framework Agreement

VPhase plc (AIM: VPhase), a leading developer of energy saving products for residential and commercial properties, is delighted to announce that following a competitive tender process, its subsidiary VPhase Smart Energy Limited has today entered into a framework agreement with Procurement for Housing ("PfH") for the supply of the VPhase VX1 product as part of the Photovoltaic, Solar Thermal and Voltage Optimisers Framework Agreement.

Procurement for Housing is the only national procurement consortium for the social housing sector. The consortium generates savings by harnessing the collective purchasing power of housing organisations allowing them to reinvest resources in front-line services as a result of this reduction in procurement costs.

The framework agreement provides the Company with access to over 700 members of PfH covering 3.2 million homes in the social housing sector across the UK, as the top accredited voltage optimisation technology. The agreement runs for four years from May 2011 to April 2015.

Rick Smith, CEO of VPhase, commented: "I am delighted to secure this framework as a key step in the Company's drive in the social housing arena, an area where VPhase is attracting significant interest.

"Out of the 15 companies providing the supply of photovoltaic, solar thermal and voltage optimisers, VPhase is ranked as the second most economically advantageous."

- Ends -

[typo56] 24/6/2011 09:13

Party's over for now. Needs to be ramped by one of the gurus!

[intouch] 24/6/2011 08:04

All buys so far went 3v1

[aughton 3] 24/6/2011 07:39

PICKED A MILLION FOR BOTTOM DRAWER @ 1.02 MIGHT ADD A FEW MORE STILL CAN PICK THEM UP 17% CHEAPER THAN RECENT DIRECTOR BUYS

[intouch] 23/6/2011 22:27

Go to the event page for live chat and more information


Live streaming video by Ustream
Ask Anything, Innovate Everything

After months of anticipation, today we will be announcing the results of the second phase of GE's ecomagination Challenge Powering Your Home.

The Challenge was designed to galvanize clean energy innovation through open ideation and collaboration, and to deliver on the 2010 ecomagination commitment to double our investment in ecomagination R&D to $10 billion over the next five years and increase public engagement.

The Challenge is an important part of this commitment to bring the best clean energy and water ideas to market and has been an outstanding success in turbo-charging GE's investment activity.

Based on what we discovered through the Challenge, GE will continue to look beyond its four walls for innovation, engage in collaborations that advance shared interests and accelerate investment in the most critical emerging technologies – wherever they come from – to solve problems today.

Thanks so much for following the ecomagination Challenge and be sure to check out "Ask Anything" – an 8-hour, online dialogue with some of today's most innovative minds – which begins at 8:30 am ET on www.ecomagination.com.

Mark Vachon
VP
ecomagination

[dosser2] 23/6/2011 19:11

At last the dog moves in the right direction. What could this go to?

[intouch] 23/6/2011 18:22

You better be quick dave this is getting re-rated

[davethechef] 23/6/2011 18:20

WOW!
No wonder management bought a huge chunk some weeks ago, great optimism.
I might have to top up first thing tommorrow

[intouch] 23/6/2011 17:05

JUNE 23, 2011 7:29 AM PDT
GE challenge seeds consumer clean-tech start-ups
by Martin LaMonica

General Electric and five venture capital companies today said they will invest $63 million in ten green-tech start-ups working in home energy, bringing them both money and credibility.
GE will also give five $100,000 grants to less-developed companies creating products around household energy efficiency and solar power. The three areas of investment were solar, communications and software, and energy efficiency, said Ecomagination Challenge director Tore Land.

The fundings are part of GE's $200 million Ecomagination Challenge program launched last year to solicit ideas to improve the electric grid. GE and its venture capital partners invested in smart-grid and renewable energy companies in the first phase and then launched a second home-energy challenge earlier this year.
The ten companies to receive money had received financial backing from other sources and, in most cases, are already selling products. But having GE as an investor brings more recognition to these small companies and gives them access to GE's engineering and marketing know-how.
"Having a company with the stature and the clout in the marketplace like GE which says 'Yes, we believe in this and look at the profits and revenues we are generating' is the kind of impetus this industry needs," said David Prend from venture capital company Rockport Capital during a webcast today.
The ten companies are Ember, which makes low-power chips for smart meters and building sensors; carbon and energy management software maker Hara; GMZ Energy, which makes thermoelectric chips that convert heat from solar panels and other sources to electricity; Nuventix, which makes LED cooling systems; sensor networking company On-Ramp Wireless; green building company Project Frog; residential solar financing company SunRun; microgrid and smart-grid company Viridity Energy; home voltage optimization company VPhase; and wireless charging company WiTricity.
GE intends to create a $20 million fund for pilot-testing products from Ecomagination Challenge winners, establish a challenge specific to China, and a $5 million seed fund for Europe. GE is also creating an internal team to work with its start-up partners on ways to bring their products to market, said chief marketing officer Beth Comstock.
"One of the learnings from this is that it's not just the money. It's really about the collective brainpower and the sharing of operational expertise," Comstock said. "Start-ups want to see their ideas live, they want the ability to scale, and bring that to market. Those are resources that GE has that a VC doesn't necessarily have."
In one effort to get start-up products to market, GE partnered with Best Buy which will sell VPhase's home energy system which can cut electricity use by 10 percent and an air conditioning control system from grant awardee Suntulit which cuts energy use by 30 percent. Best Buy will also start selling GE's Nucleus home energy management system in early 2012 for $149 and its LED bulbs later this year.
Since launching the Ecochallenge program last July, GE has reviewed 5,000 business plans and invested $168 million in 22 companies or partnerships. Land said that GE was impressed with the quality of the submissions. In some cases, GE and its venture capital partners didn't invest or partner, but a number of direct connections between challenge participants happened.
"There is a global passion for eco-innovation, it's almost like people were rooting for sports teams," Comstock said. "It become like Match.com for innovators to find each other."

[intouch] 23/6/2011 17:04

UK businesses share in eco funding from GE
Manufacturing News, Source : British Industry
Published : 23 Jun 2011 15:20



Two UK green energy firms have secured a share of £125m worth of financial investment from GE as part of the company's 'ecomagination Challenge' – the only non-US recipients of funding.

This second phase of the challenge, entitled 'Powering Your Home' is intended to help households become more energy efficient and promote the domestic use of renewable energy. I attach a press release with more details.

The UK companies are e.quinox, a solar power start-up based in London that brings renewable energy to rural parts of Africa, and VPhase, a Manchester based company helping consumers save 10% on their electricity. In addition to financial support, GE and Best Buy Co., are partnering to help bring these technologies to market.

e.quinox, based in Imperial College London, operates a student-run humanitarian project that will bring cost-effective solar energy to rural communities in Rwanda through, off-grid stand-alone photovoltaic systems. e.quinox is one of five Innovation Award winners, who will each receive a $100,000 grant to further develop their technology.

VPhase, based in Manchester, produces home energy control devices that provides a voltage solution which enables customers to save 10% on their electricity bills, without changing their lifestyles. VPhase is the only UK and one of only two companies who have been selected to partner with GE and Best Buy Co., Inc. to fast-track the commercial availability of these technologies.

Rick Smith, the CEO of VPhase plc, said: "I am absolutely delighted to have received the support of GE. Their recognition of the benefits of the VPhase product and GE's commercial, financial and logistical support are a great boost to accelerating the growth of this business."

[intouch] 23/6/2011 17:02

Bloomberg
GE Awards $63 Million to 10 Solar, Home Efficiency Startups
June 23, 2011, 11:06 AM EDT



By Christopher Martin
(Adds more winners from fifth paragraph.)

June 23 (Bloomberg) -- General Electric Co., the world's largest maker of power-generation equipment, awarded $63 million to 10 closely held companies developing solar and renewable energy technologies.

Solar power companies, makers of communications equipment and software and building efficiency developers were among those recognized in the second round of the $200 million contest, Fairfield, Connecticut-based GE said today in a statement.

GE is spending about $10 billion by 2015 developing environmentally friendly products across its businesses through Chairman Jeffrey Immelt's "ecomagination" program. The contest is being run in collaboration with the venture-capital firms Emerald Technology Ventures AG, Foundation Capital, Kleiner Perkins Caufield & Byers and RockPort Capital Partners.

Winners in the latest round include San Francisco-based residential solar installer SunRun Inc., Boston-based Ember Resources Inc., a Boston software and communications provider, and Austin, Texas-based Nuventix Inc.

Awards were also given to companies that improve the energy efficiency of buildings, including VPhase Plc, based in Manchester, U.K., Project Frog Inc. in San Francisco, and solar installer GMZ Energy Inc. of Waltham, Massachusetts. Communications companies Hara, On-Ramp Wireless Inc., Viridity Energy Inc. and WiTricity Corp were also winners.

GE didn't disclose the amount of the funds that came from its venture-capital partners. When GE announced winners of the first contest, with a prize pool of $55 million, it planned to contribute about half the total. GE projects the power grid technology market will reach $20 billion by 2015.

--Editors: Emma O'Brien, Randall Hackley

To contact the reporter on this story: Christopher Martin in New York at [e-mail].

To contact the editor responsible for this story: Reed Landberg at [e-mail].

[aughton 3] 23/6/2011 14:55

no suppose about it

[typo56] 23/6/2011 14:43

I suppose it's the... "In tandem with the investments, GE and Best Buy Co., Inc. (NYSE:BBY) are partnering to fast-track the commercial availability of two Challenge technologies -- the Vphase home energy control device and the Suntulit air conditioning control system -- so they can be ready for retail testing through select Best Buy retail channels in the future."

[topinfo] 23/6/2011 14:39

But why all the sudden big buys as this doesnt mean anything at all yet to VPHASE does it??

[typo56] 23/6/2011 14:37

It's politics - GE's effort to sound green.

[aughton 3] 23/6/2011 14:31

bought a chunk

[topinfo] 23/6/2011 14:30

Loads of buying??????????

[aughton 3] 23/6/2011 14:21

So GE and Best Buy are partnering TWO companies to fastrack to market am i missing something here

[topinfo] 23/6/2011 13:59

Ah cheers!

[aughton 3] 23/6/2011 13:58

NOTHING YET!!!!