From its early alliance with American Electric Power
In partnership with FPL Group
After divvying up the pie a few ways, this may sound like small potatoes for a company of GE's girth. Still, the conglomerate recently pegged the revenue potential of each million-person implementation at $500 million, so there are clearly dollars to be gathered beyond the initial implementation. For instance, there's got to be some sweet recurring service revenue on all those meters.
With this initiative, Florida Power & Light has proved itself a very forward-looking utility. Its subsidiary, NextEra Energy Resources, is already the largest generator of wind and solar power in North America. Now, with a technology-enabled grid feeding FPL better information about real-time consumption patterns, the utility will be better able to match those non-baseload power supplies to consumer demand, and perhaps even bring down the price for renewable power generated by its SunPower
Fool contributor Toby Shute doesn't have a position in any company mentioned. Check out his CAPS profile or follow his articles using Twitter or RSS. Google is a Rule Breakers pick. The Motley Fool has a disclosure policy.