in News Departments > New & Noteworthy
print the content item

Spending by utilities transitioning their networks to smart grid capabilities reached $23.68 billion in 2012 - up 47.1% from $16.10 billion in 2011, according to a new report from ABI Research.

Highlighting the growing momentum behind the spending, 2012's total alone represents 48% of smart grid spending to date, the report says. During the year, spending on transmission and distribution capabilities surpassed smart meter investments as utilities increasingly looked to improve their core networks and maximize the benefits of their growing advanced metering infrastructure deployments.

The report says this boost in smart grid spending occurred because remaining government stimulus funds were spent in the U.S. and utilities around the world increased their own investments. Even so, ABI Research adds, these remain the early years of smart grid investments, and spending will continue to grow over the next five years to reach $80.8 billion during 2018.

“Utilities are investing in the rollout of a broad assortment of new applications, and spending is driving new services from a wide range of vendors and consultants,” says Jonathan Collins, principal analyst at ABI Research. “The complexity of the new hardware, applications and the expansive array of suppliers vying to deliver services continues to ensure that systems integrators benefit with a significant share of the spending.”


Hse SandyHook
Latest Top Stories

DOE Report: U.S. Wind Power Prices Reach All-Time Low

According to the U.S. Department of Energy (DOE), wind power continues to play a larger role in the U.S.' energy mix and is the cheapest it has ever been in the country.


Survey Reveals What U.S. Consumers Expect From Their Utilities

GE's new survey measures Americans' views on the state and future of the grid, as well as how much extra consumers would be willing to pay for better power reliability.


How A GIS Can Help Utilities Address The Aging Workforce And Capitalize On Data

Baby Boomers, whose experience and know-how have served the utility industry so well for decades, are retiring. The author suggests utilities can use a geographic information system (GIS) to fill in resultant knowledge gaps.


Sensus Smart Meters Tied To More Overheating Incidents And Fires

SaskPower is investigating two new meter failures, and Portland General Electric is working to replace 70,000 Sensus units amid fire concerns.


SaskPower Halts Smart Meter Installations Following Fires

The Canadian utility has suspended its smart meter deployment as it investigates half a dozen fires associated with the meters.

S&C Electric_id176
edf_id180