The smart grid is a transformative set of technologies and business models. With mutually supportive private and public investment and with governmental policies that accommodate entrepreneurial smart grid innovations, we can grow our economy, create new high-paying jobs, and help protect our environment. The convergence of these diverse benefits represents an unparalleled opportunity for policy makers to advance an agenda based on research and development, on innovation, and on economic development. Through continued advancement of the Illinois Smart Grid Regional Innovation Cluster, the state is positioned to be a leader in the development and deployment of smart grid enabling strategies, services and technologies.
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Hamilton et al. (2010) studied this question.
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