Amsterdam E 1bn Smart city IBM Cisco

“Smart city” by 2012. €1.1 billion ($1.5 bn)

Amsterdam Smart grid city

IBM CISCO Home Energy management

By 2012, Amsterdam’s energy providers, city government, and private firms are expected to invest more than “€1.1 billion ($1.5 billion) in Amsterdam’s smart city programs over the next three years. That includes a €300 million ($420 million) investment by local electricity network operator Alliander in smart grid technology that uses network sensors and improved domestic energy monitoring to trim electricity use. Also part of the plan: up to €200 million ($280 million) to be spent by local housing cooperatives on boosting household energy efficiency, and €300 million from companies including Philips (PHG) and Dutch utility Nuon to be invested in other energy-efficient technology.”

source: The Dirt | euroinvestor | AmsterdamSmartcity | Energycentral