Chinese officials have outlined plans to invest nearly $500bn in electric power infrastructure, including $90bn in Smart Grid technologies, by the end of this decade.

This move is expected to significantly improve the nation’s energy efficiency and give it a dominant position in the global Smart Grid market.

According to a report by the Centre for American Progress, China views Smart Grid technology as “the next industrial revolution”, and sees an opportunity to emerge as the world leader in the supply chain for Smart Grid equipment and technology.

The Chinese authorities plan to develop increasingly sophisticated sensors, computers and wireless devices to transmit and distribute electricity more efficiently and adapt to changing conditions.

Experts say this ability will become increasingly critical as more renewable energy technologies are integrated into energy delivery networks.

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