Germany is predicted to invest $23.6 billion in smart grid infrastructure including 44 million smart meters by 2026. This forecast comes after a change in regulations which occurred earlier this year.
Ben Gardner, president of Northeast Group says: “In July, the country passed its Act on the Digitalization of the Energy Transition which calls for the deployment of smart meters. This will lay the foundation for much needed investment in smart grid infrastructure required to integrate the country’s growing supply of intermittent renewables.”
According to reports, select customer classes will begin receiving smart meters while the country begins to invest in other infrastrure segments including advanced sensors, communications and software for its distribution grid and in battery storage.
Investment is scheduled to be undertaken by the country’s four largest utilities: RWE, E.On, EnBW, and Vattenfall, as well as Stadtwerke.
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