DOE to Invest $3.4 Billion in Smart Grid

President Obama, speaking at Florida Power and Light’s (FPL) DeSoto Next Generation Solar Energy Center, announced the largest single energy grid modernization investment in U.S. history. The newly announced funding is designed to help the nation transition to a smarter, stronger, more efficient and reliable electric system i.e. the Smart Grid, which will provide energy-saving opportunities, increase efficiency, and help grow renewable energy sources like wind and solar.

Seven Up and Coming Smart Grid Software Companies to Watch

The Smart Grid will require substantial information processing, storage and data mining resources. An entire new software sector is rising to meet the challenges and fill the many new needs opened up by its arrival. Spending on the smart grid is estimated to be $165 billion over the next 20 years (Source: EPRI) and a good portion of this will be on software and data services. Here is a list of seven of the up and coming software companies that are actively offering software for the Smart Grid, for Smart Meters, for Power Analytics, for systems focused on improving the energy efficiency of the grid, and for energy management systems for homes and businesses tied to Smart Grid networks and designed to operate with it.