Cisco expects smart grid market to grow 21 percent per year

Cisco Systems predicted this week that the market for smart-grid communications will grow to $20 billion a year over the next five years as the infrastructure is built out. The networking behemoth jumped into the smart grid game last month with the announcement of a partnership with General Electric and Florida Power & Light to build a smart grid demonstration project in Miami that will put a million wireless smart meters in every home and most businesses in Miami-Dade County. At the c

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TAGS: Energy Mag
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