Vontobel Asset Management is investing less in clean-energy technologies, such as solar and wind, and more in smart grids and energy-efficient electric motors, according to this analysis. Citing the "current overcapacity" in alternative energy, Pascal Dudle, the head of the firm's global trend investing, told Bloomberg, "We are putting more emphasis on the energy-efficiency side, such as grid infrastructure markets and demand-side energy efficiency."
The energy management services market is forecast by Parks Associates to increase to more than $180 million in revenue by 2015. As a result, more companies will offer services in this market, and Parks predicts that at least 60% of U.S. households will have some type of networked energy management by 2022.
The Army Corps of Engineers released a draft request for proposals on Friday calling for "the procurement of large scale renewable energy generated on or near Army land." The request is for $7 billion worth of renewable energy over a 30-year period.
Sprint Nextel has signed partnerships with four smart-grid providers under which they will rent space on the carrier's wireless network, which will provide machine-to-machine connections for their services. Sprint closed the deals with smart-grid network provider Silver Spring Networks, building automation company Power Insight, meter maker Itron and substation networking firm Lanner Electronics.