Report sees global ‘smart grid’ spending boom

“While much of the market attention has been on metering infrastructure, transmission upgrades and distribution automation system actually represent the largest opportunities worldwide,” it adds.

The smart grid has emerged as an energy policy priority for Congress and the Obama administration.

The recent stimulus law steers billions in funding into the Energy Department office that oversees the agency’s grid technology programs, and DoE has begun doling out the funds. Last month the agency awarded $620 million for smart grid demonstration and energy storage projects nationwide.