Winning the Smart Grid Cleantech Race? Chu Says New Carbon Policy Essential
By SGN Staff
Mar 9, 2010 - 1:14:01 PM

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Energy Secretary Steven Chu said the only way to ramp up investment and innovation in the global Smart Grid cleantech race is "a long-term signal in the form of a price on carbon that will slowly ratchet up, and a cap on carbon." That signal would let utilities know which way the wind blows as they consider going with wind, coal or other energy sources — and would encourage lenders to make loans on new technology.

There's more here.

Quick Take: Frankly, Secretary Chu is right. We're not ahead of the pack on batteries, electricity transmission and other key elements of a robust Smart Grid cleantech scenario, and we could be. His stance on carbon and what it will take to succeed may not be popular, but we appreciate the reality check.

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