On a recent muggy morning, Jeff Myerson, a manager for Houston-based CenterPoint Energy Inc., is pointing to mundane-looking gray metal boxes up on a wooden utility pole. They mask high-tech capabilities: State-of-the-art wireless relays that collect information on customers’ power use in 15-minute intervals.
Google Inc. plans a deeper push into the $363.7 billion U.S. power-sales market by working on tools that help utilities deliver electricity to homes and businesses more efficiently, people with knowledge of the matter said.
Super storm Sandy’s record blackouts and prolonged recovery laid bare the U.S. electrical grid’s vulnerability to wind and flood, renewing calls for utilities to invest billions to toughen their defenses against extreme weather that may become more common.
Warren Buffett briefly lost track of how many billions of dollars his Berkshire Hathaway Inc. is spending to build wind and solar power in the U.S. That didn’t stop him from vowing to double the outlay.