The Smart Grid’s coming electric economy

The Smart Grid’s Coming Electric Economy

The Utilities’ View of the Smart Grid

By Nick Hodge
Wednesday, December 9th, 2009

The economy of yesterday was dependent on access to cheap petroleum. The economy of tomorrow will be dependent on access to cheap, reliable electricity.

Consider this nugget of crucial information: In the 1950s, 40% of the U.S. economy relied on electricity. Today, fully two-thirds (66%) of our economy depends on it.

And we haven’t even electrified our transportation yet.

Such was the backdrop for high-level talks at GreenBeat 2009, where I had the chance to talk about the future of electricity with some of the brightest (and wealthiest) in the biz.

Last week, we took a look at Google’s perspective and entrance into the electricity arena. Today, we’ll take a look at the utility perspective.

Smart Grid and The Economy

While I heard from many venture capitalists and smart grid product providers, I must say it was a pleasure to get the utilities’ take on things. After all, when it comes to the smart grid, the utility is the customer.

The session began with a primer on the current status of the grid. Basically, we’ve been living for 100 years with grid 1.0, the electro-mechanical analog version that dumbly pushed power along……………

Full financial story at http://www.energyandcapital.com/articles/utilities-smart-grid-economy/1029?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+eacfeed+%28Energy+and+Capital%29&utm_content=Google+Feedfetcher

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