Smart grid: A $45B opportunity
Now the Global Environment Fund, a cleantech venture investment firm, has released a very useful study (note: opens pdf) which specifically addresses the subject. Out of the global $81B spend on power grid infrastructure in 2005, they argue, $25B could be addressed by "smart" products. As they point out, transmission spending is already forecast to be greatly increasing in the U.S., since 70% of transmission lines are 25 years old or older, 70% of transformers are 25 years old or older, and 60% of circuit breakers are 30 years old or older -- and we're running out of capacity to begin with. A large bill is becoming due, and smart grid technologies can help mitigate the costs and build a more reliable system in the doing.
The report is particularly useful because it provides an introduction to key customer segments, key technologies, important market drivers, etc. A good primer. Cleantech investors and others who are getting up to speed on the topic should certainly check it out.