Cisco: Smart Grid's A $100 Billion Baby - InformationWeek
IoT
IoT
Infrastructure // PC & Servers
Commentary
5/18/2009
05:44 PM
Cora Nucci
Cora Nucci
Commentary
50%
50%

Cisco: Smart Grid's A $100 Billion Baby

What's as big as 100 Internets -- maybe 1,000 Internets -- and so hungry for routers, switches, and secure IP-based backhaul communications that it could gobble up $100 billion worth of networking technology?

What's as big as 100 Internets -- maybe 1,000 Internets -- and so hungry for routers, switches, and secure IP-based backhaul communications that it could gobble up $100 billion worth of networking technology?If you're Cisco, the answer is the nation's growing energy smart grid, the network linking consumers of electrical power with its producers. Today the smart grid is a fragile creature, but with the announcement of the first set of device standards, the $100 billion baby ($20 billion per year for half a decade) is taking its first eager steps.

U.S. Energy Secretary Steven Chu Monday listed 16 standards for the interoperability and security of the smart grid, mentioning cybersecurity -- a big concern -- repeatedly. Almost simultaneously, Cisco announced its plans for a smart grid roadmap.

One thing is sure, the Obama administration is fully on board. Last month vice president Joseph Biden outlined plans to distribute more than $3.3 billion in smart grid technology development grants and an additional $615 million for smart grid storage, monitoring, and technology viability.

States, punch-drunk from the credit crisis, are hustling to get in line to get their share.

Time will tell if John Chambers and company have their numbers right. For insight into the smart grid business, it's helpful to understand elecronomics.

What will be equally interesting to watch is whether the potentially huge smart grid technology sector can exist within the limits of a "post-bubble" economy, which doesn't rely for growth on the strength of any single market, or if it will spin off a bubble of its own.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of the Cloud Report
As the use of public cloud becomes a given, IT leaders must navigate the transition and advocate for management tools or architectures that allow them to realize the benefits they seek. Download this report to explore the issues and how to best leverage the cloud moving forward.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of November 6, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll