Cisco: Smart Grids Can Improve The World
Networking giant Cisco is pushing the potential of smart grids to help improve the societal and economic problems facing country's around the world, despite concerns around how the networks will be funded and security issues highlighted by researches.
As part of the company's Sustainability Report 2009, released this week, Cisco chief executive John Chambers said that the smart grids can help make homes and buildings productive and energy efficient. "Through Smart Grids we can securely manage energy on electrical grids, from generation to consumption, to make homes and buildings more productive and economical," he said.
Cisco announced in May a plan to bring its networking expertise to the smart grid space with the company estimating that creating more efficient power grids could grow into a $20-billion-a-year business within five years.
