Remember our rants about the need for a so-called Intelligrid, and about how local investors were starting to talk about this too, i.e., a more efficient way to distribute power, which would also help the environment? Well, the Global Environment Fund has just released a report, saying this is a $45 billion opportunity. Via Rob Day:
Now the Global Environment Fund, a cleantech venture investment firm, has released a very useful study which specifically addresses the subject. Out of the global $81B spend on power grid infrastructure in 2005, they argue….
…, $25B could be addressed by “smart” products. As they point out, transmission spending is already forecast to be greatly increasing in the U.S., since 70% of transmission lines are 25 years old or older, 70% of transformers are 25 years old or older, and 60% of circuit breakers are 30 years old or older — and we’re running out of capacity to begin with. A large bill is becoming due, and smart grid technologies can help mitigate the costs and build a more reliable system in the doing.
June 5th: The AI Audit in NYC
Join us next week in NYC to engage with top executive leaders, delving into strategies for auditing AI models to ensure fairness, optimal performance, and ethical compliance across diverse organizations. Secure your attendance for this exclusive invite-only event.
Page 6 of the report has the $45 billion reference.
