Eric Klinenberg Quote
Recent decades, American utility companies have spent relatively little on research and development. One industry report estimates that, in 2009, research-and-development investments made by all US electrical-power utilities amounted to at most $700 million, compared with $6.3 billion by IBM and $9.1 billion by Pfizer. In 2009, however, the Department of Energy issued $3.4 billion in stimulus grants to a hundred smart-grid projects across the United States, including many in areas that are prone to heat waves and hurricanes.
Eric Klinenberg
Recent decades, American utility companies have spent relatively little on research and development. One industry report estimates that, in 2009, research-and-development investments made by all US electrical-power utilities amounted to at most $700 million, compared with $6.3 billion by IBM and $9.1 billion by Pfizer. In 2009, however, the Department of Energy issued $3.4 billion in stimulus grants to a hundred smart-grid projects across the United States, including many in areas that are prone to heat waves and hurricanes.
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About Eric Klinenberg
