Feds Will Spur Smart Grid Cyber-Security Investment Growth to $21 Billion by 2015, Report Claims

Utility companies around the world will invest $21 billion in smart grid security efforts between 2010 and 2015, according to estimates released in a new report.

They're being spurred on by the U.S. Department of Energy's smart grid stimulus programs, and the need to secure smart grid deployments that are becoming more and more technology-reliant and vulnerable to infiltration and compromise. The Smart Grid Cyber Security Report, conducted courtesy of Pike Research, a market research and consulting firm focused on clean technology markets, utilities, vendors and world governments are becoming more focused on grid security, which will grow revenue in that sector from $1.2 billion in 2009 to $3.7 billion by 2015.