- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Tiger Woods Out of Hospital After Accident
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
MOST SHARED
- Tiger Woods Out of Hospital After Accident
- The Good Entrepreneur Winner
- Gold Will Collapse Like Oil Did in 2008: Charts
- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Halftime Report: Dubai - First Ripple Of Larger Crisis?
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
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.
Print
Email
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
Data is a real-time snapshot *Data is delayed at least 15 minutes