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.
The recent announcement of billions of dollars of federal funding for smart grid demonstration projects is of particular interest to people who have been involved in thinking about how modernizing the electric grid can bring new benefits to consumers. Many projects awarded have a dynamic pricing option that gives customers access to an electric rate that varies across each day, and provides incentives to manage peak electric demand; and some projects feature a real-time pricing model based on the wholesale electricity market prices. For these projects to truly benefit consumers, it is essential to think about dynamic pricing from the consumer’s point of view.
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.
