All eyes should be on Brasil, the fifth largest economy in the world. Pay attention Nigeria and other African nations. This is how it’s done.
With its booming economy, growing middle class and investments in city infrastructure, Brazil is looking like it’ll be the next hot market for smart grid development. According to a report in Metering, Siemens is making a $1 billion investment into the smart grid market in Brazil over the next five years and is in the process of acquiring an undisclosed smart grid startup in the country.
Investments in the smart grid in Brazil are supposed to hit $36.6 billion by 2022, according to a report from the Northeast Group. That report says that Brazilian utilities will use smart grid investments to reduce electricity theft, improve grid reliability and simply to build out electricity infrastructure. Brazilian utilities are also investing in smart meters, and the government and the Brazilian regulator ANEEL want to deploy 63 million AMI meters by 2021.
U.S.-based smart grid companies are looking to sell into…
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