Utilities, governments seek global consensus on smart grid future

09/1/2011 | TheEnergyCollective.com

Delegates from countries and utilities around the world will gather Monday in Washington, D.C., to take part in the Smart Grid International Summit, where they will discuss the best way to spend the estimated $378 billion that is predicted to go to smart grid deployment by 2030. Experts say spending on energy grid modernization is on track to be the largest single energy investment of the next two decades, Innovation Observatory reports, but 80% of the outlays will go to just 10 countries. U.S. government and trade representatives say utilities should be aware of the macro political and economic implications of the smart grid and look to emerging markets for new opportunities.

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