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The smart grid has been a lumbering but steady and inevitable presence in the utility industry, with a speedy uptake in the number of start-ups interested in creating everything from energy storage technology to user dashboards for home energy consumption and a somewhat slower uptake in the number of smart grid pilot projects popping up nationwide. Less than two years ago it was expected to grow to at least $65 billion by 2013. Cisco has identified at least $20 billion in potential business opportunities around the grid, which the company says will be bigger than the Internet, and $3.4 billion of stimulus money was to be dished out to 100 projects. So why the projection from Pike Research that the spending will top off at $35 billion by 2013?
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