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Getting on the Grid

If you have any doubt about which way the industry wind is blowing, then check out which technologies venture capital (VC) firms are investing in. True, VCs gave us the dotcom disaster. But they (and we) have learned their lesson and are being a lot more diligent about which startups they are investing in.

Case in point: Accent, a player in the Smart Grid market, just closed its second round of funding. (See: Accent Closes Funding to Expand Smart Grid Technology Offerings .) The investment, from Silicon Valley’s Tallwood Venture Capital, will be used to accelerate development and productization of key communication technologies for system-on-chip solutions required by Smart Meter as well as emerging Smart Home applications.

According to Pike Research, Smart Grid deployments are quickly accelerating at a 30 percent growth rate with an installed base reaching 18 percent of 1.4 billion electric meters worldwide by 2015. Market opportunities are also being targeted by OEMs, a variety of component makers, and the electronics supply chain. Check out the news, research, and discussions on our Website. And start planning on how your business can capitalize on this market. (See: Fairchild Semiconductor to Focus on Smart Grid Technology at electronica 2010 and Smart Grid Equipment Market to Hit $8 Billion by 2015.)

7 comments on “Getting on the Grid

  1. Ashu001
    October 12, 2010

    Dear Friends,

    The website Internet evolution recently came out with some excellent lectures on this topic.

    http://www.internetevolution.com/lecture-calendar.asp

    Please check them out.

     

    Its good to learn more on this fast developing field.

    Regards

    Ashish.

  2. SP
    October 12, 2010

    Do smart home applications have good customer base? I was in opinion that smart home applications look very fancy on paper and design but they dont find that many buyers.

  3. Barbara Jorgensen
    October 12, 2010

    I think one of the issues holding smart homes back has been a lack of standards (they were maybe still are custom) and that the technology was better built in from the ground up. Retrofitting is expensive. It's been awhile since I checked it out, though–a good idea for a future blog post

  4. Anna Young
    October 12, 2010

    It's only in the U.S that “smart” meters, power grid, etc., is considered technology innovation. In the rest of the world where national governments are pushing for better and more efficient energy generation and consumption systems, “smart” is just that: smart. As in, a smarter way to utilize resources that everyone know are very finite . Smart meters are going up by the millions in China, India and in Europe. Smart energy products are being insisted upon by governments, introduced by companies and adopted by consumers because as former STMicroelectronics chairman and CEO Pasquale Pistorio once said: You can do good business by doing good by the environment. The “smart” innovation is important but it is being willing to embrace “smart” that is even smarter.

  5. Barbara Jorgensen
    October 13, 2010

    Well said Anna!

  6. Tunrayo
    October 13, 2010

    Hi Barbara,

    I agree that the innovation should start right from power generation down to end-user meters. However, innovation has to make business sense to companies and I think the old method of designing power grids is stifling innovation especially in power distribution.

    Regardless, engineers are working on alternative technologies for power applications such as wireless inductive loop chargers.

  7. hwong
    November 30, 2010

    There are different aspects of smart grid implementations. There is smart meter infrastructure groundwork, demand response load control for utilities to control the consumers home, outage management, tracking of equipment and asset management, preventative monitoring of the grid and then there is smart analytics. So opportunities are definitely out there. Because market is not that mature, it is definitely still a good time to get in.

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