UK Connected Home Market Could Worth £3bn Per Year
The UK’s technology trade association Intellect has published a report in which it predicts the UK’s connected home market could worth £3bn a year within the next five years. The report entitled “Connected Home – a Reality” looks at elements of the connected home and offers guidance on making it a reality for everyone.
The UK energy management body OFGEM has approved the availability of funds for six smart grid projects across Britain. The money will be used to fund energy projects run by Distribution Network Operators (DNO). OFGEM is hoping that lessons learned in the pilots will help grid companies to develop the grid networks of the future. The £57 Million is being made available from the regulator’s £500 Million Low Carbon Network Fund.