Friday, September 24, 2010

Smart Grid's $200 Billion Investment Lures Cisco, ABB - BusinessWeek

Going for the green

With $200 billion in global smart-grid investment expected in 2008 to 2015 by the Pike Research group, with almost $53 billion just in the U.S., technology companies have joined established power-systems suppliers as contestants in the power-management market.

Rather than employing a single technology, the smart grid comprises a network of networks that makes possible real-time two-way communication between power providers and users, omnipresent sensing control, and distributed automation throughout the electrical generation network.

Smart Grid's $200 Billion Investment Lures Cisco, ABB - BusinessWeek

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