U.S. companies benefit from surge in Turkish smart grid spending

02/11/2013 | Bloomberg

A plan by the Turkish government to expand smart grid spending by $5 billion over the next two years will provide "substantial opportunities" for U.S. companies in the region, according to a statement from the American consulate in Istanbul. The spending increase is in anticipation of 6.3% annual growth in power demand over the next two decades. “As Turkey becomes richer, more air-conditioning, solar power and electric vehicles will be bought, which also need smart grids to function properly,” said Chris Rogers, a utilities analyst for Bloomberg Industries in London.

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