Last weeks announcement of $3.4 billion in stimulus funds for utilities was big news for smart meter makers. Almost every recipient of the money said they would be using it to add millions of advanced meters to their coverage areas. Now major meter maker Landis+Gyr has proved that the government grants will stimulate private investing in the sector, raising a new $100 million from its current backers.
The Swiss company says it will use the funds for a fast and dramatic deployment of smart meter....
VentureBeat
