The U.S. and China share a common ambition to develop a national smart grid but face immense and vastly different challenges in their power delivery infrastructure.
China's expanding electrification, to the rural inland and the rapid development of wind and other renewable sources of energy, has spurred unprecedented government investment in the supply and transmission of electricity. Market studies estimate that China will need to spend at least $147 billion yuan to build an international quality smart grid and that the Chinese government will spend more than $7.3 billion in the development of smart grid technology in 2010 alone.
The Obama administration has stated that an upgraded electrical grid is critical to fully utilizing the vast renewable resources in this country, to lessen our dependence on foreign oil and create jobs that will drive economic recovery and continued growth. According to market studies, in 2010, the U.S. will spend more than $7.1 million in the form of stimulus loans, grants and tax incentives alone, to develop smart grid technologies.
Smart grid has also emerged as one of the busiest areas for cleantech venture capital. Total VC investment in smart grid companies topped $414 million in 2009, accounting for over 7% of total cleantech investments by VCs.
Our discussion will begin with a review of the China power grid landscape with data presented by Deloitte's Global Cleantech Services Group.
Topics Will Include:
6:00 - 7:00 PM:
Registration/Check-in and Networking Reception
7:00 - 7:10 PM:
Overview of China Power Grid Landscape - A Study by Deloitte's Global Cleantech Services Group
7:10 - 8:20 PM:
8:20 - 8:30 PM: