With more than 8 million smart meters already deployed in the U.S., the market for residential energy management (REM) has taken the first significant steps in deploying Smart Grid technologies and advanced meter infrastructure (AMI) on a broad scale, according to Parks Associates.
In a report, Residential Energy Management: Company, Alliance and Technology Profiles, the reserach firm said the deployments will open up opportunities for companies in the REM value chain. Public, private, and consumer factors are all driving this growth, and the Federal stimulus bill, the report said, with the support of the Obama Administration, allocates US$11 billion for Smart Grid initiatives through 2010.
"Already more than 6% of all U.S. meters are smart meters, and utilities throughout the U.S. are announcing new deployments and pilot programs daily," said Bill Ablondi, director, home systems research, Parks Associates.
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