Governments and private interests worldwide are expected to increase investments in smart-grid technology, spending a total of more than $45 billion by 2015, says a new ABI Research report released Thursday.
Smart grids are electrical grid systems with two-way communication tools attached on both the utility and user ends to facilitate better energy efficiency practices. The integrated computerized systems enable real-time monitoring of electricity generation, distribution, and use. They can do things like warn utilities of peak demand geographically so accommodations can be made, or advise consumers of off-peak hours for running non-essential appliances. They can even notify connected "smart" appliances in the home … Read more