China Now World Leader in Smart Grid Investment
Just imagine if we were only now building our first electric infrastructure. Of course that would mean that we’d be decades behind our other modern counterparts. But it would also mean that we’d be in a position to build it using the very latest and best technology. That is exactly the position China is in today. And thanks to its thriving export business, it has the means to do it right. This is a good thing, since bringing so many people up to a modern standard will bankrupt the planet unless truly significant innovations are made at every step along the way to ensure the highest possible efficiency.
China is preparing to invest $7.3 billion this coming year in smart grid technology, edging out the $7.2 billion in U.S. investments (Source: Zpryme). In fact, China is now spending more on its smart grid than it is on power generation.
