Smart Grid Investments Continue To Grow
Spending on smart grid technology will reach an all-time high in the next few years, according to a new report.
Energy consulting firm Pike Research says investment will reach $200 billion worldwide by 2015. Most investment opportunities will be in transmission upgrades and distribution automation.
Pike says anything that helps make the grid more efficient, reliable and integrates wind and solar will see a huge cash infusion.
Worldwide revenues will grow from $10 billion in 2009 to a peak of $35 billion in 2013, and the administration's push to develop a smart grid will also help, the report says.
The economic stimulus authorized the Energy Department to dole out $3.4 billion to develop an interactive smart grid.
Last month DOE awarded $620 million for smart grid demonstration and energy storage projects.
Source: The Hill
About this story
Related Keywords: Politics, Politics (Electric Grid), Transmission (Electric Grid), Agencies (Politics), Industry (Electric Grid), Electric Grid, Clean Skies News; compiled from other sources, Clean Skies News, Colorado, DOE, energy, Pike Research, smart grid, SOLAR, stimulus, transmission, wind
Source:
Clean Skies News
Now on Clean Skies
Top Stories
CS Sunday: Water Power and Green Police
28:27 | 09/05/10
Cop Cars Go Green
02:53 | 09/09/10
Iceland is Rich with Renewables
07:11 | 09/09/10Related Items
Rivers Provide "Next Wave" of Energy
Underwater turbine technology could mean electricity for rural areas.
- 02:45
- 09/09/10
Are Americans Clueless on Energy Use?
A new study claims the public has wrong ideas on how to save energy.
- 06:57
- 08/23/10
Summer Heat Waves Test Power Generation
Demand can create stressful situations for dispatch centers.
- 04:38
- 08/10/10
California's Power Struggle Over Renewable Energy Lines
A transmission line to spread renewable power brings controversy to southern CA.
- 06:58
- 08/02/10
Spending on smart grid
Spending on smart grid technology will reach an all-time high in the next few years, This is a good piece of news ..Scarp Metal, Wedding Planner
Very informative and
Very informative and trustworthy blog. Please keep updating with great posts like this one ， m2ts converter ， flv to wmv converter. Hulu Downloader