This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Hot Start-Ups Big Tech Is Betting On

Nexant

Corporate Partner: Intel

What it Does: Smart grid software

Nexant, a San Francisco-based company, raised a $50 million round of founding in November from investors including Intel. The company offers consulting services and software to help clients -- major utility companies, government agencies and large corporations -- use energy more efficiently.

As global data center energy consumption grows, utilities are looking at technologies like Nexant that help meter energy use and foster significant energy savings to take pressure off grids, said Steve Eichenlaub, a managing director at Intel Capital.

Intel has also invested in a second smart grid firm, Grid Net.

The idea of more efficient data centers attracted mainstream media attention in September when Greenpeace criticized Facebook for building a structure in Oregon that runs on coal rather than renewable energy.

Many large tech companies, including Google and Cisco (CSCO), have jumped on the smart grid trend, which has seen widespread political and regulatory support. The U.S. Department of Energy is investing $4 billion to encourage smart grid deployment, and President Obama has called for the installation of 40 million smart meters in American homes and businesses.

Investment in clean technology comprised 17% of all venture dollars deployed in 2010, as investments topped $3.7 billion in 267 deals during 2010, according to the National Venture Capital Association.
5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $121.30 0.00%
CMCSA $62.41 0.00%
GOOG $625.61 0.00%
IBM $161.99 0.00%
INTC $28.95 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs