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In the Netherlands the government backed down from making smart meters mandatory because of concerns that the data collected could be used to see whether properties are empty or expensive new gadgets have been purchased.
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Tech companies and fund managers have reacted by investing in companies that make smart meters, sensors and software that track and analyse water consumption.
According to a May 6 Investor's Business Daily article, the two are also reported to hold a substantial interest in the Swiss firm Landis+Gyr, which makes smart meters, a central component of the administration's smart grid plans.
How smart meters work Smart meters are similar to the standard gas and electricity meters you have at home, but they're made "smart" because they are connected to a SIM card, similar to that in a mobile phone.
Toshiba spent $1.6 billion on Landis+Gyr, which makes "smart" electricity meters for homes.
Other companies, such as Sensus and publicly traded Itron, also make smart utility-metering equipment.
Plenty of other companies, such as Lucid Design Group, are developing similar software, as are the hardware companies that make the smart meters.
But with the arrival of smartphones, smart meters and smart thermostats, it had to act quickly or lose out to imminent competition from the likes of Nest, which makes smart devices for the home, and other newcomers.
He made smart decisions.
Make smart investments.
Make smart meat choices.
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