Water Utilities to Spend $2 Billion on Smart Meters Through 2020
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U.S. water utilities will spend $2 billion on smart meters in infrastructure upgrades this year through 2020, almost matching all previous investment in the leak-finding devices, according to Bloomberg New Energy Finance.
Water utilities until this year had spent $2.4 billion on smart meters, according to data compiled by the London-based research firm. Investment peaked at $395 million in 2010 as companies took advantage of stimulus funding allocated for clean-energy and water projects, said Maxime Serrano Bardisa of BNEF.