Australia is now considered to be one of the world leaders in technology, comparable only to the United States in terms of smart grid innovation. Last year they received from the Federal Government a National Energy Efficiency Initiative of AU$100 million to develop a smart-grid energy network.
A recent study, conducted by IDC, polled utility leaders from Australia, about their major initiatives, objectives, expected payback, readiness and challenges. The study noted that smart utility technologies are generating vast amounts of data and analytics, although less than half of the top 20 utilities are applying analytics to energy consumption. Even so, utilities executives worldwide believe that with the proper organization, companies can reach profitability goals in a relatively short amount of time and with the coming together of some of the top names at the in the utilities industry across Australia at this year’s illustrious Next Generation Utilities summit the future is looking bright.
Key to the debates will be senior representatives from Horizon Power, Ergon Energy, Western Power, Energy Australia, and Power Link focusing on key topics such as Distribution Management, which is currently one of the most crucial elements to smart grid implementation, what have been the primary innovative achievements in the Australian smart grid sector since investment has begun to roll in and where they expect to have developed by the end of the year.
With huge investment and endless possibilities are the industry Ready?