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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 [...] Cnet is reporting that over capacity in China is resulting in lower prices for wind and solar power. Solar power generation cost kWh Solar panels generate power at a cost of more than 15 U.S. cents [...] 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 [...] Demand response can save a significant amount of energy through more efficient matching of supply generation with demand. From the 2008 FERC Survey: 2008 FERC Survey asked respondents to provide estimates of the potential peak load reductions (in MW), actual peak reductions (in MW), potential MWh change and actual MWh changes as of the end of [...] 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 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 The Smart Grid will enable real-time pricing of electricity. Definition of real-time pricing – Energy prices that are set for a specific time period on a forward basis and which change according to price changes in the market. Prices paid for energy consumed during these periods are typically published to energy consumers in advance – (“day-ahead [...] The US Department of Energy lists five technologies that will drive the adoption of the smart grid. The first is: Improved interfaces and decision support, to amplify human decision-making, transforming grid operators and managers quite literally into visionaries when it come to seeing into their systems. Source: US DOE “The Smart Grid: An Introduction.” PR: wait… The US Department of Energy lists five technologies that will drive the adoption of the smart grid. The first is: Advanced control methods, to monitor essential components, enabling rapid diagnosis and [=-precise solutions appropriate to any event. Source: US DOE “The Smart Grid: An Introduction.” PR: wait… The US Department of Energy lists five technologies that will drive the adoption of the smart grid. The third is: Advanced components, to apply the latest research in superconductivity, storage, power electronics and diagnostics Source: US DOE “The Smart Grid: An Introduction.” PR: wait… |
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