As a time-limited $19.5 billion market opportunity, meter and communications suppliers with be working with utilities around the world on replacing typical home and business electric meters with Smart Meters. Be prepared for empowered decision making around your business’s energy usage and energy costs.
Partly in response to the Department of Energy having placed interoperability high on its criteria for evaluating projects applying for some of the $3.9 billion in federal stimulus grants and also because the large utility and integrated energy companies prefer to work with fewer partners, there has been a fair bit of movement towards forming partnerships amongst some of the players in the Smart Grid space. Companies that have strengths in certain key sectors of the Smart Grid arena are linking up with players who are strong in different segments in order to be able to promote and market broader integrated solutions.
This, the fourth and final installment of our four part article series on the report on the Smart Grid put out by the U.S. Department of Energy, titled “The Smart Grid: An Introduction”, covers the DOE reports section that deals with how the various constituencies are working to realign themselves so that they participate in and are positioned to thrive in the emerging Smart Grid future that is beginning to be built out. It summarizes the five fundamental technologies that will drive the Smart Grid. It illustrates concrete examples of current Smart Grid projects ranging from West Virginia to California to Hawaii, that illustrate how a smarter grid is already taking shape. Finally it asks: What’s Your Stake in All This?
This, is the third installment of our four part article series on the report on the Smart Grid put out by the U.S. Department of Energy. The report is titled “The Smart Grid: An Introduction”. The current installment covers the DOE report’s section that defines what is meant by Smart Grid; what it is and conversely what it is not. It covers the various critical aspects that working together will form the Smart Grid. It continues with a summary of the DOE Smart Grid report’s “Compare and Contrast: A Grid Where Everything Is Possible” section that outlines the many benefits of creating a smarter grid.
This is the second installment of our four part article series on the excellent report on the Smart Grid put out by the U.S. Department of Energy that delves into this complex subject matter in considerable detail. The report is titled “The Smart Grid: An Introduction” and is dedicated to the education of all interested members of the public to the nature, challenges and opportunities surrounding the Smart Grid and its implementation.
This installment of our article series covers the DOE reports section that deals with where our current electric grid currently stands and what are the risks that it faces.
The U.S. Department of Energy has produced an excellent report on the Smart Grid that delves into this complex subject matter in considerable detail. The report is titled “The Smart Grid: An Introduction” and is dedicated to the education of all interested members of the public to the nature, challenges and opportunities surrounding the Smart Grid and its implementation. Building out the Smart Grid is a colossal task comparable in scope to the construction of the interstate highway network or the construction of the Internet. It is daunting, but it is a task that can no longer be postponed; one that simply must be done; as well as something we need to do as a nation for reasons of national security, to lay a foundation for our continuing prosperity and to preserve our nations global influence.
The Smart Grid will require substantial information processing, storage and data mining resources. An entire new software sector is rising to meet the challenges and fill the many new needs opened up by its arrival. Spending on the smart grid is estimated to be $165 billion over the next 20 years (Source: EPRI) and a good portion of this will be on software and data services. Here is a list of seven of the up and coming software companies that are actively offering software for the Smart Grid, for Smart Meters, for Power Analytics, for systems focused on improving the energy efficiency of the grid, and for energy management systems for homes and businesses tied to Smart Grid networks and designed to operate with it.
