- Jobless Claims Drop 15,000, Stay on Downward Trek
- ECB Holds Rates at 1%, Staying in 'Wait-And-See' Mode
- States Negotiate $26 Billion Deal for Homeowners
- Bank of England to Print More Money to Boost Recovery
- Pepsico to Cut 8,700 Jobs; Quarterly Earnings Rise
- Be 100% in Stocks: BlackRock's Fink
- 12 Unique Dating Sites
- US Jobs Gap Between Young and Old Is Widest Ever
- Fidelity: 401(k) Balances Little Changed Over 2011
- News Corp. Beats Estimates on Studio, Cable Strength
- Bindi: Charm is Not Enough for Italy's Prime Minister Mario Monti
- Tobacco Stocks a Hot Dividend Play: Analyst
- Is Apple Coming to Sam’s Club Stores?
- Gas Prices in All 50 States Back Above $3 a Gallon
- Is America Ready for a Bacon Milkshake?
- As Mortgage Refinancings Surge, Banks Struggle
- Forget the Earnings, Disney’s Issue Is the Multiple: Analyst
- W Hotels 'Fashion Next' Partnership to Hit the Runway
MOST SHARED
- EU Officials Try to Coax India Into Iran Faceoff
- ECB to Leave Rates Unchanged Ahead of More Loans
- Global Markets Update: European Markets Digest Earnings Reports
- Global Markets Update: European Markets Await News on Greece
- Stocks Seen Flat; All Eyes on Greece, ECB
- Bulls Bet Silicon Motion Will Bounce
- German Official Sees No Greek Eurogroup Deal Thursday
- Diamond Foods Puts CEO, CFO on Leave; Stock Plunges
- Will Accelerating Inflation End China Stock Rally?
- How to Date a Wall Street Man
MOST POPULAR
HOT ON FACEBOOK
Miami Smart-Grid Project Powers Expectations For Clean Energy
Text Size 
With Earth Day just days away, the bosses of General Electric [GE
Loading...
()
] and Cisco Systems [CSCO
Loading...
()
] talked about their high hopes for a smart grid initiative underway in Miami, which is expected to be a model for roll out across the nation.
"This will accelerate adoption," said Jeff Immelt, GE Chairman & CEO, who added projects like the Miami one will "drive efficiency, better renewable [energy] adoption and create jobs."
GE, the parent company of NBC Universial, whose properties include CNBC, and Cisco are partnering with Silver Springs Networks, a company that wirelessly connects residential smart meters with utilities, and the local utility, Florida Power and Light, a unit of FPL Group [FPL
Loading...
()
], on the 100,000-electric-meter project.
Cisco Chairman & CEO John Chmabers equated the project to how the Internet carries text and data, saying the grid will "move around electricity" that way. The Miami project will allow the project's participants to scale it, "then replicate it around the country."
GE is supplying smart meters and appliances, among other things, for the project.
Both Immelt and Chambers emphasized the job-creation potential of the smart grid initiative, as well as the need for the US to lead in the green movement.
"Green inesvting is good for investors, good for our employees, good for our customers," said Immelt. "Clean afforable energy is going to happen globally. The US is either going to lead or be left behind. I don’t think the administration has the luxury of not focusing on it right now."
"We ought to lead here in America," said Chambers, calling green technology, an "instant replay" of the Internet.
- The Israeli Secret Service has opened its archives to reveal how its agents captured one of the most notorious Nazi war criminals.
- A pilot program that moves passengers through pre-flight security screening is being expanded to more airports in the US.
- Amy Cappellazzo of Christie's, discusses the red-hot art market. Last year, Christie's sold 719 works of art each worth $1 million!
- That’s right, one unaccredited private college is offering free tuition to attract students, over the next four years.
- Many employers are finding that older workers are more reliable than their younger counterparts.
- New options and disclosures on fees should give workers more control over their retirement savings.
Data is a real-time snapshot *Data is delayed at least 15 minutes
