Global utilities report robust smart grid spending through 2014

08/5/2013 | Smart Grid News

More than 90% of utilities say they plan to boost or maintain current levels of spending on the smart grid, with nearly half of respondents to a poll reporting likely increases in outlays on transmission, protection and distribution technologies through 2014. The survey of utilities in 30 countries that was conducted by The Newton-Evans Research Company found additional funding is being driven largely by internal smart grid initiatives and regulatory mandates. "In summary, smart grid initiatives were cited as being more important factors stimulating increased CAPEX investments than was either regulatory mandates or government stimulus programs," Jesse Berst writes.

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