Smart grid technology had everyone excited a few years back but 2010 and 2011 were rather anticlimactic. The problem was that it wasn’t smart enough - it was all over the place, suffering from an identity crisis. Last year, though, it started to get smarter by getting bigger and combining forces.
But by far the hottest arena in the smart grid world is machine-to-machine (M2M) technology - an industry worth $1 trillion!
Here’s why: It is relevant to nearly every sector and used by everyone from the oil and gas industry to private home owners.
And it’s about to get bigger because 1) the cost of sensors used to make M2M possible has fallen so much that they are BEYOND commercially viable; and 2) wireless networks are now cheap and everywhere.
The forward-looking investor will certainly see the opportunity here - and now. And there is no lack of support - from mobile network operators to the US government, which is keen to promote any form of smart grid investment.
It also helps that when M2M tech succeeds in connecting everything in the average home via the internet, it could result in a reduction of CO2 emissions by 7.1 gigatons by 2020.
The phenomenon of the connected home - or machine-to-machine networking (M2M tech) - will be THE foundation of new smart grid technology over the next 7-10 years.
We can’t get enough of it. Sensors are the next frontier in technology and networked machines that can…