Business Week recently published a special report on smart-grid technology, a subject that we have followed closely in the past. The idea of developing an electric grid that can pass information and energy in both directions between utilities and customers seems to be exactly the kind of infrastructure that could provide lasting benefits for society. Read this article for more details.
Anyone who has been paying attention to discussions related to energy policy over the past few years has been hearing about a new “smart grid” that has the potential to play a major role in meeting the energy requirements of the United States in the coming decades. Charlie Munger, Berkshire Hathaway’s Vice Chairman, made a number of comments regarding the smart grid at the Berkshire Hathaway and Wesco Financial meetings. Let’s take a look at the smart grid and its implications in this article.