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China surpasses U.S. at the top of $15 billion global smart grid market

from Renew Grid

Global smart grid investment reached $14.9 billion last year, up from the $14.2 billion recorded in 2012, according to Bloomberg New Energy Finance (BNEF). Notably, China finished 2013 as the world's largest smart grid market, exceeding the U.S. in dollar investment for the first time as the North American market continued to slow. BNEF says smart metering accounted for just under half of total smart grid spending worldwide, with distribution automation and other integrated demonstration projects rounding out the total. more


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