The market for smart grid electricity is booming.
As of April 2018, the U.S. market for power produced by smart grids has grown to $1.9 trillion, according to a recent report from Bloomberg New Energy Finance.
That’s up from $900 billion in the same period in 2017.
As a result, the demand for smart energy has grown faster than demand for natural gas and coal.
In 2016, the industry generated $2.9 billion in sales, according the report.
Demand for energy produced by these energy systems, in turn, has skyrocketed in the past decade.
In 2010, the average smart grid power station supplied 3.6 kilowatts of electricity to homes and businesses.
By 2020, that figure jumped to 10.2 kilowatt-hours (kWh).
In 2020, about a quarter of the power generation capacity in the U