Deals
Smart Grid Spending Rost to $13.9 Billion Driven by China
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Investments in smart-grid technologies that boost efficiency and curb energy waste rose 7 percent last year to $13.9 billion, driven by spending in China, according to Bloomberg New Energy Finance.
China raised investments by 14 percent to $3.2 billion, largely because of a smart-metering program, according to the London-based research company. It forecasts Chinese spending on smart grids will outstrip the U.S. this year, where it fell 16 percent to $4.3 billion.