Smart Grid Technology: Capturing Attention and Investment from Major Players
"Smart Grid" is term buzzing around in the renewable energy and technologies industries, right now.
A smart grid is a system which can measure energy consumption in real time as opposed to having to wait for the energy bill to arrive in the mail. One reason why smart grid technology is such a hot topic is amount of federal funding it has received: the U.S. government has allocated $4.5 billion of the American Recovery and Reinvestment Act for smart grid development.
Another reason is: big companies have begun invest heavily in the technology. Google has started its own smart grid project using its Powermeter software. IBM has invested $2 billion in smart grid start-up companies. And, the technology giant, Cisco wants to establish itself as a leader in smart grid technology because it believes the industry will be worth $100 billion.
Read the full story at Green Chip Stocks: Three Cheers for the Smart Grid
Nathanael Baker is the Managing Editor of EnergyBoom. He has been immersed in the areas of renewable energy and climate change for two years. Before joining EnergyBoom, Nathanael was the Director of Research for the DeSmog Blog. In this role his services included providing research to the New York Times and The Economist.
Energy Boom content is for informational purposes only and is not intended to be advice regarding the investment merits of, or a recommendation regarding the purchase or sale of, any security identified on, or linked through, this site.
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