About a year ago, a venture capital managing director confided that he had 400 companies in one year alone pitch him on some sort of smart grid innovation and yet had no idea where to even begin due diligence. At GreenBeat 2009, Vinod Khosla claimed he was not investing yet in smart grid because he couldn't get a bead on it. Several other VC's came to me with the same issue: what is smart grid and where should we invest?
The "What is smart grid" question has become demystified over the last year. We have gained a much better understanding of the array of digital ICT technologies that function all along the electric grid from power plant to home and comprise a smart grid.
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