How to make a play in the smart electrical grid: executives

January 26, 2010

PALM SPRINGS, Calif (Reuters) – Investors in clean technology see the expected upgrade to a smart electrical grid in the United States as a massive opportunity, but finding the right investments will require patience.

The sector includes high-flying start-ups and heavily regulated utilities. Technology giants like Google Inc and Microsoft also are moving to the area.

“This is changing. It’s going to take some time … It’s the first inning and we got to make sure these early projects are really flawless,” said Scott Lang, president and chief executive at Silver Spring Networks, speaking at the Clean-tech Investor Summit being held this week in Palm Springs.