Tuesday, November 18, 2008
Energy Efficiency And Grid Reliability Represent $65 Billion Market
Lux Research report predicts that focus energy efficiency and grid reliability will drive a $65 billion market opportunity in 2013.
The advent of distributed generation, distributed storage, and distributed intelligence will change power infrastructure into an intelligent and more nimble power web, according to a new report from Lux Research, "Alternative Power and Energy Storage State of the Market Q4 2008: Weaving the $65 Billion Power Web.
"Smart grid technologies, like advanced metering infrastructure and demand response services, will enable the transformation of the current grid to a more reliable and intelligent power web," said Ying Wu, Senior Analyst at Lux Research.
More on demand response and smart meter