10 Aug '12, 2pm

Report: German Utilities Don’t Want to Spend on Smart Grid: We’ve covered the worries the U.S. utility industr...

Report: German Utilities Don’t Want to Spend on Smart Grid: We’ve covered the worries the U.S. utility industr...

We’ve covered the worries the U.S. utility industry has about recovering the costs of their multi-billion-dollar smart grid investments. Seems like German utilities are worried in much the same way. Consulting firm Steria Mummert polled 100 German utility executives and found that only half of them wanted to spend money on smart grid between now and 2014. That’s compared to three-quarters who planned to spend on renewable energy, and 30 percent that planned to spend on conventional fossil fuel sources like natural gas. One has to take surveys like these with a grain of salt, of course. Europe’s financial crisis has put the entire continent’s industry on alert, crimping spending plans in the short term. Over the long haul, Europe’s smart grid spending is expected to grow to €6.8 billion ($8.3 billion) per year by 2016, GTM Research predicts , as national smart meter mandate...

Full article: http://www.greentechmedia.com/articles/read/report-german...

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