Before we answer the question let’s paint some of the background to the smart grid business. Last month we posed the question “Will Smart Grid outperform its Clean Tech Cousins?”. We concluded that for a number of reasons smart grid offers a less risky investment to both financers and players, and that there was a growing trend by investors to move away from the highly capitalised sectors of the renewable market in favour of Smart Grid. Not all sectors of the smart grid are as capital intensive and as we showed in the April report “Smart Grid is just too big for the Utility Companies to finance and Manage”, it will require some nurturing to overcome some of its growing pains. We concluded that it will require the electrical utility industry to invest massive sums of money and whilst they may be able to justify this based on long term projections, will they be able […]