If you have any doubt about which way the industry wind is blowing, then check out which technologies venture capital (VC) firms are investing in. True, VCs gave us the dotcom disaster. But they (and we) have learned their lesson and are being a lot more diligent about which startups they are investing in.
Case in point: Accent, a player in the Smart Grid market, just closed its second round of funding. (See: Accent Closes Funding to Expand Smart Grid Technology Offerings .) The investment, from Silicon Valley’s Tallwood Venture Capital, will be used to accelerate development and productization of key communication technologies for system-on-chip solutions required by Smart Meter as well as emerging Smart Home applications.
According to Pike Research, Smart Grid deployments are quickly accelerating at a 30 percent growth rate with an installed base reaching 18 percent of 1.4 billion electric meters worldwide by 2015. Market opportunities are also being targeted by OEMs, a variety of component makers, and the electronics supply chain. Check out the news, research, and discussions on our Website. And start planning on how your business can capitalize on this market. (See: Fairchild Semiconductor to Focus on Smart Grid Technology at electronica 2010 and Smart Grid Equipment Market to Hit $8 Billion by 2015.)