NEW DELHI, Feb. 13 -- The GCC could save up to $10bn in infrastructural investment in the coming year through the use of smart grids, according to the MENA Power Industry Outlook.
The report, prepared by Ventures Onsite for Middle East Electricity, the world's largest annual power industry trade platform, says the development of smart grids is "one of the most important steps towards improving electricity diversification and conservation in the GCC."
The report also forecasts the value of the GCC smart grid market will grow to US$ 1.68 billion by 2026 as regional governments step up their deployment of smart grid infrastructure amid heightening demand for energy storage systems.
The major shift towards smart grids and their reliance on e...