The electric power system in the U.S. is dirty, antiquated, stupid, unstable, and a security nightmare. After years of discussion and debate, consensus now holds that the generation, transmission and distribution infrastructure will need hundreds of billions in new investment to reduce emissions, improve reliability, minimize waste and inefficiency, improve security, and facilitate the integration of wind, solar and other emerging alternative energy technologies. Commonly cited capital spending estimates range from $200 billion globally by 2015 to $2 trillion overall. In his November 2008 report, “The Sixth Industrial Revolution: The Coming of Cleantech,” Merrill Lynch strategist Steven Millunovich observed that cleantech markets will dwarf IT to the tune of two orders of magnitude. While there’s plenty of room to debate how the future will unfold, there’s little question that we’re watching the emergence of an investment mega-trend that will endure for decades.
via Will Surging Smart Grid Investments Result in Surging Electric Prices? | Alternative Energy Stocks.
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- Research and Markets: Securing the Smart Grid – Overview of the Vulnerabilities in the Electric System that the Smart Grid Might Introduce or Exacerbate | Reuters
- Deseret News | Utah activist urges use of alternative energy
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