By 2020 utilities will need to manage nine times the amount of data as today. According to Lux Research this will drive the amount of investment in IT and Smart Grid from $12.8 billion today to $32.4 billion by 2020. Millions of smart meters will be delivering daily and hourly updates, as well as other information requiring critical decision points. Smart meters have begun to be installed in North America and Europe, but are still lacking in one of the world's largest markets, China.
Environmental Defense Fund's Climate Corps 2011, the program that connects corporations wanting to reduce their environmental impact with MBA students, is working with 31 leading companies thisyear. Among the companies signing on to reduce their energy bills are: Dunkin' Brands, JP Morgan Chase and Co., Facebook, Microsoft, Carnival, Yahoo!, addidas, and Proctor and Gamble. Since its inception in 2008, Climate Corps has saved enough energy to power 85,000 homes and a net benefit to all the companies participating of $439 million.
Siemens AG, the German based multi-national corporation, has indicated it will spend $6.2 billion in 2011 on research and development into a wide range of energy saving equipment. Siemens competes head to head with the US based, General Electric, in wind turbines, products for the renewable energy industry, and equipment used in health care.