Cisco: Smart grid will eclipse size of Internet

Technology News (May 18 2009) Fossil Fuel

1. Cisco knows a bit about building networks and it sees a $100 billion market opportunity in the smart grid. The company, whose networking gear is installed in all corners of the Internet, on Monday will announce its intention to make communications equipment for the electricity grid--everything from routers in grid substations to home energy controllers. CEO John Chambers is scheduled to discuss Cisco's smart-grid push Monday morning at a JP Morgan conference in Boston. Cisco's move is a sign that the creaky electricity distribution system is poised for a digital upgrade. Other high-tech companies, including IBM, Intel, and several start-ups, are ramping up smart-grid efforts to capitalize on expected investments from utilities and federal governments. Cisco estimates that the communications portion of that build-out is worth $20 billion a year over the next five years. (Read Full Article)

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