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IDC Energy Insights projects global spending on smart grids to reach $46.4b in 2015

By Chris Reidy

 |  Globe Staff  

  April 09, 2012

Worldwide spending on smart grids is projected to reach $46.4 billion in 2015, said IDC Energy Insights, a Framingham-based consulting firm focused on the energy and utility industries. Power grids face a number of challenges as their operators look to integrate intermittent energy from wind turbines and solar arrays. Another challenge: How to capture and store energy when supply exceeds demand and then release that stored energy when it is needed. Addressing those challenges will drive significant investments.

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