BCIC-New Ventures Competition - Awesense Wireless
Friday, August 26, 2011
Kelowna's Awesense helps utilities reduce energy loss and increase profits with its line measurement sensors. A significant amount of energy is lost in the distribution of electrical energy due to out-of-date infrastructure and non-commercial losses, such as power theft. This result is a profit loss for the utility which directly affects the rates consumers pay. On average, a utility has avoidable losses of $3 million per 100,000 homes. The Awesense system consists of mobile wireless smart sensors that can be quickly deployed within the distribution grid to help identify key areas of electrical loss. This information is passed on to the Awesense senseNET software suite for post processing where an analytics engine helps utility managers and engineers make the right decisions about mitigating losses and increasing grid efficiency.
The top ten companies advancing to the fourth and final round of the competition will be announced August 31, 2011. The finalists, each vying for a piece of the $375,000 in prize packages, will be awarded September 22, 2011 in Vancouver.
Learn more about the BCIC-New Ventures Competition and the 2nd annual regional competition launching this fall at www.newventuresbc.com or on Twitter. The five-month, three-round BCIC-New Ventures Competition: Regional is open to any BC resident located outside metro Vancouver who has not yet secured significant financing from outside investorscomments powered by Disqus