Electricity prices in Western countries will climb 400% by 2050 if adequate investment in smart grid isn’t made now. That’s the assessment from Guido Bartels, chairman of the Global Smart Grid Federation and general manager of IBM’s Global Energy and Utilities Industry. Israel is embarking on a pilot smart grid program to make power consumption [...]

A report released by the European Network of Transmission System Operators for Electricity this week says over 30,000 miles of extra high voltage transmission lines are needed to meet European Union-mandated goals for integrating renewable energy production and reducing greenhouse gas emissions, at a cost of $137 billion. About 80% of the 100 known European [...]