Menu

M2M FEATURE NEWS

Smart Grid Spending Could Increase to $40 Billion by 2015

By Kelly McGuire March 03, 2010
Anyone who lives in the Northeast remembers the blackout in July 2003. I know I do; I was driving home from work, with absolutely no gas, praying I made it home since no gas stations were working. The next day, I waited 17 hours in JFK airport to try and get my flight to London.
 
Needless to say, it was no picnic. Suffice to say, that after events like that, it’s no wonder America’s electric power grid has been such a hot topic and investment venture – we all know it needs a bit of a boost, eh?
 
Well, according to some news on Smart Money, the smart grid movement has been doing its best to evolve as the modern day power grid. With Cisco’s big proclamation last summer that power networks eventually would eclipse the Internet as a business opportunity for the Web pioneer, people were shocked and scared about what this meant.
 
Today, investments for smart grids stem to about $10 billion, according to Barclays Capital. Rumors are surfacing that spending for the smart grids – including metering, monitoring devices and all other technology – could stem as much as $40 billion by 2015.
 
Let’s just hope some of this moolah will go to eliminating blackouts. I have a plane to catch back to London next July. Wink wink.

Kelly McGuire is a IoTevolutionworld Web editor, covering CRM and workforce technologies, and anchor of its daily TMC Newsroom video broadcast. Kelly also writes about eco-friendly "green" technologies and smart grids, compiling IoTevolutionworld's weekly e-Newsletters on those topics, as well as the cable industry. To read more of Kelly's articles, please visit her columnist page.

Edited by Kelly McGuire

IoTevolutionworld Editor

SHARE THIS ARTICLE
Related Articles

Verizon, Qualcomm and Novatel Collaborate on 5G NR mmWave Trials and Deployment

By: Ken Briodagh    10/18/2017

New partners commit to a common mobile and fixed 3GPP compliant specification for 28 GHz and 39 GHz mmWave spectrum bands

Read More

CENTRI Announces IoT Advanced Security for Arm Mbed

By: Ken Briodagh    10/17/2017

CENTRI, a provider of IoT security, has announced that its Internet of Things Advanced Security (IoTAS) now supports the Arm Mbed IoT Device Platform.

Read More

Samsung Image Sensors Bring New Attributes to IoT Applications

By: Ken Briodagh    10/12/2017

Samsung releases ISOCELL Fast 2L9 with Dual Pixel technology and ISOCELL Slim 2X7 with Tetracell technology

Read More

Laird Brings Bluetooth Dual-Mode to HCI Modules

By: Ken Briodagh    10/12/2017

In a recent release, global technology company Laird has announced a new line of Bluetooth-qualified Class 1 HCI modules for rapid enablement of Bluet…

Read More

Partners Senet and G+D Mobile Security to Bolster LoRaWAN Security

By: Ken Briodagh    10/12/2017

G+D Mobile Security and Senet plan to cooperate to strengthen security of LoRaWAN connectivity across the whole IoT ecosystem.

Read More