This post answers the recently much hyped focus on wind’s variability problem, quantifying it in clear cost terms that put it in perspective. The post helps clarify the differences between energy, capacity and the ancillary services surrounding ensuring capacity and goes on to answer some of the other related problems that have been alleged for wind energy as its penetration level increases.
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.
As our nation’s electrical grid needs to be transformed in to a Smart Grid to avoid becoming even more of an economic and security risk. It’s time for a major overhaul complete with automation, two-way communication, real-time information, and decentralized production & distribution networks.
Pacific Gas and Electric Company (PG&E), one of the largest combination natural gas and electric utilities in the United States and based in San Fransisco, CA announced that it has contracted with Iberdrola Renewables, Inc., the U.S. arm of the world’s largest provider of wind power, to purchase and operate a major wind generating plant to be built in Southern California to serve the utility’s electric customers.
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.