Editor's Note: This article was originally posted on SmartGridNews.com. Follow the link to view the article in its entirety.
"Interesting times," is how Adriano Rehder, director of the annual Metering Latin America conference, describes today's energy market in Brazil. It may be a bit of an understatement.
According to Rehder, Brazil has 68 million meters that will have to be replaced with smart meters in the next 10 to 15 years. Moreover, he says utilities are investing heavily in distribution automation technologies and centralized metering to prevent energy theft.
That assessment fits handily into one by Innovation Observatory, which predicts that by 2030, 10 countries will account for 80% of global smart grid investments. Brazil ranks sixth.
And companies around the world are definitely noticing the opportunities in Latin America's most populous country. One reason for that is Brazil's relatively quick recovery from the economic downturn that still plagues many parts of the world.
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Edited by
Stefanie Mosca