According to Innovation Observatory, the smart grid upgrade in the United States will cost $60 billion, including the meters, grid automation, communications infrastructure, IT systems and hardware, systems integration, and home area network equipment.
China will outspend the US on smart grid investments by 2016.
Other countries expected to be in the top ten spenders on the [...]
Over capacity in China is driving lower prices for solar and wind power, as reported in cnet.
A wind turbine can now generate electricity at a cost of about 6 to 8 U.S. cents per kilowatt hour (kWh), depending on construction and financing costs, compared with about 3 to 7 cents for gas and coal, say [...]
VentureBeat is reporting that SmartSync raised a huge amount of financing.
SmartSynch is trying to use the power of cellular networks for smart grid communications between the home meter and utility.
SmartSync, a smart grid technology company, has this great quote on the smart grid:
Why A Smart Grid is Smart
A smart grid infrastructure can spot and stop energy “leaks,” optimize efficiency through better power factors and provide feedback loops that provide the right price signals to normalize energy loads during peak use. According to the Pacific [...]
Good article on how telco’s and utilities could collaborate to launch smart grid app stores.
A large number of PG&E customer in the San Francisco Bay Area have been complaining about errors (mainly over billing) with their new smart meters. 1,500 customers have complained, and when a local TV station visited one home owner who’s bill increased from $100 a month to $380 a month it found that the meter [...]
Smart demand response can minimize congestion, increase efficiency within markets, and enhance reliability of the entire energy/electricity system.
Demand response is one of the most important smart grid applications!
Read more in 2008 FERC Demand Response and Advanced Metering Survey
Advanced metering penetration varies by the type of utility. Cooperatives lead penetration of advanced metering.
Advanced metering penetration by utility
Source and text: 2008 FERC Demand Response and Advanced Metering Survey, Figure II-2.
Penetration of advanced metering by type of entity
Ownership 2006 Survey 2008 Survey
Cooperatives 3.8% 16.4%
Municipal Entities 0.3% 4.9%
Investor- Owned Utility 0.2% 2.7%
Public Utility District 0.1% [...]
Incorporating demand response resources into planning horizons and load forecasts allows transmission providers more accurately understand the energy needs of their areas, thereby deferring or offsetting investments in new peak generation or transmission.
Demand response is one of the most important smart grid applications!
Read more in 2008 FERC Demand Response and Advanced Metering Survey
There have been significant increases in advanced metering in the US since 2006.
The results of the 2008 FERC Demand Response and Advanced Metering Survey (2008 FERC
Survey) indicate advanced metering penetration (i.e., the ratio of advanced meters to all installed
meters) has reached about 4.7 percent for the United States. This is a significant increase from 2006,
when [...]