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In 2010, China's smart grid investment exceeded that of the United States

In 2010, China's smart grid investment exceeded that of the United States

  • Categories:Industry news
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  • Time of issue:2017-10-09 10:02
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(Summary description)The United States is expected to invest more funds than any other country in the construction of smart grid. However, China slightly surpassed the United States and China plans to spend about 7.3 bill

In 2010, China's smart grid investment exceeded that of the United States

(Summary description)The United States is expected to invest more funds than any other country in the construction of smart grid. However, China slightly surpassed the United States and China plans to spend about 7.3 bill

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2017-10-09 10:02
  • Views:
Information

The United States is expected to invest more funds than any other country in the construction of smart grid. However, China slightly surpassed the United States and China plans to spend about 7.3 billion U.S. dollars in 2010.

According to ZPryme's Smart Grid Report, the United States is expected to invest nearly 7.1 billion U.S. dollars in 2010. The third was Japan for 849 million U.S. dollars, followed by South Korea for 824 million U.S. dollars and Spain for 807 million U.S. dollars. China's huge investment is based on actual needs. By 2020, China will need to spend 10 billion U.S. dollars to build a modern power grid.

General Electric (GE) is helping China build a smart grid demonstration center in Yangzhou. IBM expects China's smart grid revenue to reach at least 400 million U.S. dollars in the next four years.

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