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The smart grid buildout could be one of the largest creators of wealth in the decade, according to Pike Research. The installation of more than 250 million smart meters — electricity meters that provide real-time information about energy consumption and enable two-way communication between a utility and a consumer — will grow to a $3.9 billion global market by 2015, says the research firm.

To connect those smart meters, utilities are using their own licensed frequencies, cellular networks and WiMAX, explains Earth2Tech — and that network is tied to Electric Vehicles to even out electrical demand.

Electric vehicles are closely linked with the smart grid buildout, explains Earth 2Tech. That’s because electric cars can act as storage on wheels for the “virtual oil field” that is wind energy. They can charge at night using excess juice from wind turbines.

The Nissan Leaf (above), Mitsubishi Miev, Think, and others are scheduled to arrive next year with charging infrastructure installations expected to begin in summer of 2010.

Hybrid electric vehicle like the Toyota Prius, Honda Insight, Ford Escape Hybrid, the Ford Fusion and Chevy Volt combine a conventional internal combustion engine propulsion system with an electric propulsion system.

Hybrids range is unlimited (using gas after 40 miles). They don’t need to worry about range.

But electric cars, running solely on batteries, must stop and recharge. They only have a range about 100 miles. Electric cars are also equipped with online navigation systems to find the nearest recharge station. In 30 minutes, the Nissan Leaf can recharge 80% of its battery. Other companies, like Better Way (above), swap out whole battery packs in just minutes, less time than to fill up with gas.

The Better Place AutOS system will use wireless technology. Continental will supply Better Place with the first systems in the fourth quarter of 2009 for initial tests with EVs in Israel and Denmark. The system from Continental enables the Better Place in-car software to help EV drivers know where and when to charge, allow car and driver to communicate with the Better Place network, provide continuously updated, personal energy mapping for drivers.

Alcatel-Lucent has rigged a Toyota Prius with an LTE connection to create a WiFi hotspot in the car. They worked with QNX Software Systems — an in-car operating system supplier. It features home control with direct connection to home automation and security to manage climate control systems, lighting, etc. or monitor home or business IP security cameras with streaming video feeds.

Earth2Tech has eight cool iPhone apps for the connected car from the BMW ConnectedDrive to the ZipCar app.

At this week’s Mobile Future forum, Tom Kalil of the White House Office of Science & Technology Policy spoke about the relationship between the Smart Grid and wireless networks. (Thanks, Eric)

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