Technology is also the future of communication
for smart grids, advanced transportation networks, smart buildings, and other aspects of modern society that currently lean too heavily on oil to function.
But if the benefits match Xcel's expectations, he says, look
for smart grids to roll out nationwide within five years.
There will be more funding
for smart grids and smart meters will be provided to millions of homes by 2020.
Smart Energy Instruments (SEI), a Toronto - based cleantech company with a unique solution to improve electric grid reliability, and Hitachi High - Technologies Corporation of Japan, today unveiled the first component of SEI's planned chipset product line
for smart grid applications in an event at MaRS Discovery District.
The average household could see its monthly electricity bill rise by $ 9 to $ 12
for smart grid products and services.
Recent studies conclude that while some tech - savvy consumers will line up
for smart grid applications for the home, most residential customers are not eager to manage their daily energy use, particularly with electricity prices at relatively low levels.
The company plans to invest nearly $ 900 million to deploy the smart - meter infrastructure in Ohio and Indiana and apply for federal stimulus funding to cover part of the project cost, said Todd Arnold, Duke's senior vice president
for smart grid and customer systems.
So in October, spurred by concern over the cost and reliability of the present system, President Obama announced $ 3.4 billion of economic stimulus funds
for smart grid projects and almost $ 5 billion more in private investment.
By using the risk metrics he outlines future scenarios
for smart grid development and calculates real option values of technology projects.
(We understand that Musk also talked with Trump about other issues, including the need
for a smart grid — the kind of infrastructure that would give a boost to the solar energy business, in which Musk is a leader via his investments in the company Solar City.)
Local production and consumption of energy would eliminate the need
for a smart grid, and would encourage efficiency and conservation.
The same is true
for the smart grid.
Besides making the data collected by smart meters actually mean something, eMeter is a great example of a business that is created out of the need
for a smart grid.
The President recently proposed three new Hubs
for smart grid technologies, batteries and energy storage, and critical materials.
In February 2009, the U.S. Congress earmarked $ 4.5 billion
for smart grid development in the stimulus bill and more incentives are included in the comprehensive energy and climate bill introduced last month in the Senate.
Our advancements in real - time communication and reaction
for the smart grid will reduce our energy consumption overall, creating highly networked and streamlined transportation networks of efficient vehicles for moving people and things all over the globe can radically reduce our oil use, and so too can creating and running smarter buildings that minimize the need for heating and cooling.
The conversation with Turner was nothing if not unnerving as he pointed out manufacturers» rush to connect devices to the internet without solid security in place, and what the flaws in our security systems mean
for the smart grid.
That's why the mantra
for the smart grid must be «distributed, voluntary, collaborative» as pointed out by Vint Cerf, «father of the Internet.»
As we can see, standards
for the smart grid are more vital than just getting energy information from the home to the utility and back.
Experts in the smart grid industry gathered to talk about the roadblocks and strategies
for the smart grid, and how vital it is to get it up and running nationwide as soon as possible.
«We are also actively pursuing research & development on hardware oracle technology with key industrial customers
for smart grid, supply chain and insurance blockchain use cases.»
Developed cyber security plans
for their smart grid projects and performed smart grid cyber security risk assessments using NIST standards.
Not exact matches
A lot of money is earmarked
for renewable energy projects but almost half has been allocated to energy efficiency and an electric
smart grid.
The Illinois
Smart Grid Regional Innovation Cluster has used the funds to provide support to small startups developing technology to help modernize and update Illinois» electric
grid, the network
for delivering power from suppliers to businesses and consumers.
«The budget also sets aside infrastructure dollars
for clean energy,
smart grids, energy storage and electric vehicle infrastructure — making sure those essential clean energy investments don't get lost among other priorities.
The 2017 budget pulled out $ 2.8 billion from the fund and earmarked some of that
for clean energy priorities, including innovation in
smart grids and energy storage, electric vehicle charging and adopting stronger building codes.
It has products
for what it calls
smart off -
grid solutions.
The IDC Study features ten emerging companies that are innovating and excelling with a variety of mobile and wireless technology solutions including: mobile marketing, couponing, analytics,
smart grid enablement, TV and video on demand — even
for traditional phones, mobile money services, mobile enterprise Apps and product life - cycle management.
Her focus throughout that period has been largely on the technical, infrastructure and economic issues underpinning the electricity industry, covering topics related to generation, transmission and distribution,
smart grid /
smart homes and the prospects
for electric vehicles.
Then you create a lot of business opportunities
for small businesses and cooperatives to install distributed energy, because you've got a
smart grid when you build it out.
My campaign is calling
for 100 % Clean Energy in New York by 2030, including a complete ban on fracking, a phase out of all nuclear plants, no new fossil fuel infrastructure, and the rapid development of a clean energy system based on distributed renewable energy production from solar, wind, and water resources and an interactive
smart grid.
Previously, I've written about the potential
for a future
smart grid, where homes with solar panels and batteries intelligently interconnect to form a cleaner, more - robust distributed power system.
Smart electrical
grids and energy storage options would allow utilities to operate more efficiently by helping them manage spikes in the demand
for electric power.
The implications of a
smart grid also require study: Who,
for instance, would own energy that is put in storage
for later use?
The effects could be even more dramatic
for those Boulder - area residents who will be plugging cars into the
smart grid conversation.
In this first implementation, the
smart grid's feedback mechanism is manual: Consumers must go online
for an update on current
grid conditions and then actively alter their use of power.
Some stakeholders are concerned that utility proposals
for cost recovery of
smart grid investments would lead to significantly higher monthly bills and a shift in the risk of investment from utilities to ratepayers.
The
smart grid must allow customers to make the most of the energy when it arrives while taking back excess and saving
for a rainy day.
Webber and co-author Robert Fares, a Cockrell School alumnus who is now an American Association
for the Advancement of Science fellow at the U.S. Department of Energy, analyzed the impact of home energy storage using electricity data from almost 100 Texas households that are part of a
smart grid test bed managed by Pecan Street Inc., a renewable energy and
smart technology company housed at UT Austin.
The other half of the equation, he notes, is engineering a
smart power
grid that can distribute renewable energy, from solar or wind,
for instance, to charge fleets of EVs.
The American Recovery and Reinvestment Act of 2009 provided some grant money
for smart -
grid technologies.
So, the wind development in this country is really driving [the] need to change the
grid to a
smarter, more intelligent, more efficient
grid to allow
for deliverability of those resources to the loads — and the more and more of those renewable resources that are put in the system, the faster it is going to be driven.
Each operator is responsible
for the reliable and stable operation of their distribution networks and local
grids and is required to meet demand by carrying out measures such as
smart management and
grid expansion where necessary.
Cisco, which is also involved with the Austin and Miami projects, estimates that the global market
for smart -
grid communications will be worth $ 20 billion annually within five years.
The President's initiative will empower young men and women to invent and commercialize advanced energy technologies such as efficient and cost effective methods
for converting sunlight to electricity and fuel, carbon capture and sequestration, stationary and portable advanced batteries
for plug - in electric cars, advanced energy storage concepts that will enable sustained energy supply from solar, wind, and other renewable energy sources, high - efficiency deployment of power across «
smart grids,» and carbon neutral commercial and residential buildings.
Priority areas of focus
for this Initiative may include: energy efficiency,
smart grid, second - generation biofuels, and clean coal technologies including carbon capture and storage; solar energy and energy efficient building and advanced battery technologies; and sustainable transportation, wind energy, and micro-hydro power.
Such capabilities explain why the evolution of the «
smart grid» is proceeding differently in the utility and customer sectors, say Shapard and Greg Guthridge, global managing director of utility services
for the consulting and technology services firm Accenture.
«Set it and forget it» a popular option Oncor's
smart grid meter will cover $ 800 million, paid
for by a $ 2.19 monthly charge on customers» utility bills that regulators approved.
# 25 million
for demonstration projects in fields such as
smart energy
grids and low - carbon vehicles
The idea of a
smart grid that can handle power flows not just from the power company to our homes, but also back from our homes to the power company has been around
for years.