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Snapshot Abstract:
The Chinese government has been increasing investment into smart grid
technology to prepare for national energy needs that are expected to
double in ten years. This snapshot indentifies the top ten countries by
smart grid federal stimulus investment for 2010, as well as an insider’s
look into China, the players, and what’s next for Asia’s fastest growing
FOR MORE INFORMATION economy.
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January 27, 2010
China Tops Global Smart Grid Stimulus Funding
Top Ten Smart Grid Federal Stimulus Investments by Country, 2010
In U.S. Millions The overarching mission of countries around the globe
China $7,323 is to ensure and advance the national, economic, and
energy security of their nation.
US $7,092
The smart grid is an essential component to reinforce
Japan $849 this progress along with each nation’s plan to change
their energy habits and reduce dependence on fossil
South Korea $824 fuels, especially foreign oil. In light of these ‘calls-for-
action’, China is set to inject a sizable $7.3 billion
Spain $807 (USD) federal investment toward the smart grid and
related technologies for 2010 with the U.S. relatively
Germany $397 close behind with $7.1 billion (USD) in D.O.E grants.
According to a Bloomberg report (May, 2009), it’s
Australia $360 estimated that China will need to spend as much as
$10 billion (USD) a year through 2020 to build a
UK $290
modern grid.
France $265
Further, China’s smart grid stimulus spending is not
going unnoticed as their advancements in these ever-
Brazil $204
evolving technologies have garnered the attention of
many ‘forward-thinking’ companies.
$0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000
Source: Data obtained from respective region (country) federal agencies
Just recently, GE aligned itself with Yangzhou, China to
construct a smart grid demonstration center. Similar
China’s Power Sector Investment, 2006 - 2009 steps forward are being echoed from industry-leading
In U.S. Billions players such as Cisco, Accenture, Hewlett-Packard,
$400
$51.3 ABB, Westinghouse, and Oracle -- which are buying
into a generous stake of China's smart grid market.
$45.7 $44.5
$42.2$42.3
$43.9 “China's investment in smart grids and
What’s more, Business Week recently reported that
$300
$35.9 related technologies already exceed
IBM expects at least $400 million in smart-grid
$30.9 investment in power generation. In order
revenues in China over the next four years. Fitting
$200 to capitalize on China’s break-neck
testimony as IBM remains the only corporation that
growth, it’s imperative that recognized
provides hardware, software and consulting for smart
corporations and start-ups understand its
$100 grid infrastructure projects in China.
‘master plan’ to establish a nationwide
smart grid in Asia’s fastest growing
As overall Chinese economic and consumer outlook
$0 economy – both at a consumer and
improves and the pressure to join the smart grid
2006 2007 2008 2009
Source: China Electricity Council
business level.” movement intensifies one certainty is clear, look for a
Government spending on electricity generation stronghold of companies to make strategic business
Government spending on grid capacity -Mark Ishac, Zpryme Managing Director alliances with China in 2010.
(Going Green Practice)
Zpryme Going Green Practice
has been featured in:
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