The Smart Money is on Smart Grids

In Asia, the utilities industry is growing at an incredible rate. Investments globally in the sector have lead to more available jobs, predicting the return to pre-recession levels of employment by Q1 2010. However, with such substantial growth comes opportunities which have to be managed correctly to sustain long-term development. With the world’s investors looking at Asia to see how such a developing region can deal with governmental pressures on Green Technology, a meeting of the leading names in Asian and Pacific Utilities firms have agreed to meet at the illustrious NGU APAC summit.

The Copenhagen Climate Change meeting will dramatically change the utility landscape. Carbon Reduction will mandate energy-efficiency upgrades in homes and businesses across Asia. To relieve Government pressures Companies are looking into smart grid solutions and superior technology to improve efficiency, performance and reliability.

“Australia, Singapore and China all have smart grid initiatives underway and Korea has recently announced that it wants its industries to win 30% of the smart grid market globally. The smart grid makes sense for all countries in Asia? “ Rick Nicholson – VP Research, IDC Energy Insights

Estimates vary on how much Asian Utilities are going to be spending to modernize their electricity grids, but the presence of execs from Kepco, PLN, AEI, TNB, EVN and Tata Power at the NGU Summit APAC (hosted by GDS International) is an indication that multinationals see big opportunities to take advantage of the smart-grid push.

Will Smart Grid Solutions keep driving the ever-growing Asian and Pacific markets, or are things moving at an uncontrollable rate? Will it stabilize the market and maintain high foreign investment under such green pressures from global authorities. Whatever lies in the future, the NGU Summit is where the people that matter will be talking, and is set to be the foundation of any development in the region.

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