Jan 2

EGM and Israel Electric Company sign a Strategic Cooperation and Investment Agreement

IEC will invest $1 million in monitoring and analytics of the grid. An agreement for a strategic cooperation and investment was signed between IEC and EGM Ltd. for grid monitoring through sensors.IEC will invest $1 million as part of a $17 million raising round, to unable the development and deployment of EGM’s system to monitor […]

Dec 23

Failure Prediction

The electricity market is rapidly changing. Consumers are becoming producers; centralized markets are shifting towards distributed energy resources; renewable energies take on more of the load; underground grids and an almost absolute reliance by the end users – those are just a few examples. An important effect which derives from all of that is that […]

Dec 15

Electrical Grid Monitoring™ (EGM™) Announces Successful Completion of the GCxN Project Earning Recognition in the Utility Power Industry

As announced in this Press Release earlier today, EGM has successfully completed the extensive study that included modeling, simulation and benefits analysis after participating in the GCxN (Shell Game Changer Accelerator™ Powered by NREL), program. EGM participated in the first cohort of companies selected for GCxN and was acknowledged as global trailblazer in the utility power […]

Oct 13

Successful $17.5M Raising Round Completed

Last week, on October 4th, 2021, EGM successfully completed a USD 17.5 Million fund raising round. The round was led by Energy Growth Momentum (https://egmomentum.com/), a UK based investment firm, with vast experience in equity investments, specializing in the energy sector, and in particular in companies with proven commercialized technologies aimed at increasing the productivity […]

Jan 9

Monitoring the Grid Underground

The electricity market is rapidly changing. To name just a few, emerging trends include the shift towards distributed energy resources, greater reliance on renewable energy resources and a growing interest in exploring the avenues to relocate distribution and transmission lines underground. Moving power lines underground has already taken place in several countries worldwide. Leading countries […]

Oct 25

From Reliability to Resilience: Rising Severe Weather from Climate Change Threatens Grid Operations

It is a common understanding among utilities and grid operators that one of the most significant challenges they face is extreme weather events. Predictions for the coming decade talk about increase in the number as well as the volume of extreme weather events such as rise in temperatures, less water availability, rise in sea level, […]

Sep 1

EGM Participates in NREL’s Camp Cleantech

Between July 30, 2020 and September 24, 2020, EGM’s representative took part in NREL’s Innovation and Entrepreneurship Center (IEC) online camp cleantech. In a series of interactive virtual sessions, participants examine five key sectors that exhibit the potential of applying a low-carbon economy. Those sectors are affordable housing tech; grid of the future, cybersecurity, electrons […]