Smart Power System Evolution - Major Markets for Smart Grid
The world’s electrical grids are largely outdated and inefficient; this inefficiency costs countries billions of dollars. In more mature smart grid markets in Europe and North America, utilities are starting to shift focus away from the deployment of hardware and into software that helps energy consumers use less energy, such as web portals and apps connected to the smart meter.
Features and benefits
- Understand the strain that demand is placing on current, outmoded energy distribution infrastructures.
- Discover the benefits to the consumer and the environment that smart grids offer.
- Examine projects under development and the competing demands they must satisfy.
- Analyze the obstacles delaying the implementation of new smart grid technology and the further innovations that are needed.
- Understand the funding issues associated with smart grid projects.
Highlights
Many smart grid markets worldwide are just beginning to emerge, and utilities in these markets remain focused on deploying the necessary hardware, such as smart meters. As a result, by 2020 smart grid sales are expected to top $200bn.
In Europe, the US, and Asia, energy policy makers are working with utility and industrial stakeholders to design the road-map for smart grid development, starting with smart meter deployment. The scale of their projects is large, sometimes stretching across entire continents.
By 2020, total smart meters sales could top $1bn. The US, EU, and Chinese markets are driving this growth. China has continued to build its electrical infrastructure at an estimated 90GW a year of new power generating capacity, about 1.5 times the total installed capacity of all 58 of France's nuclear power plants, which took 40 years to build.
Your key questions answered
- Which countries are leading the field in smart grid development?
- How are governments and utilities working together to push infrastructure projects forward?
- What factors are impacting infrastructure development?
- What are the main technological innovations still needed to facilitate the evolution of smart grids?
- How is the global financial crisis impacting the development of smart grids?
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List of Tables
Table: Con Edison's economic stimulus projects ($m), 2009
Table: US states with supportive smart grid legislation, 2012
Table: World energy consumption by country grouping (quadrillion Btu), 2008–35
Table: Major components of smart power systems, 2012
Table: Goals of smart grid plan in Basque Country, 2011
Table: Pumped hydro challenges in Europe, 2012
Table: PG&E, FLISR plans, 2011
Table: Cost of a one-hour interruption in electrical service by industry ($), 2011
Table: Guideline requirement for smart grid standardization, 2010
Table: Attacks on AMI, with possible impacts and solutions, 2011
Table: Total EV sales ('000), 2010–30
Table: World energy consumption (quadrillion Btu), 1990–35
Table: Increase in peak demand over 2010 (%), 2020–50
Table: Current Chinese smart grid projects, 2012
Table: China energy conditions and policies, 2007
Table: Top 10 smart grid federal stimulus investments by country ($m), 2010
List of Figures
Figure: Con Edison's economic stimulus projects ($m), 2009
Figure: Smart grid venture capital funding ($m), 2010–12
Figure: World energy consumption by country grouping (quadrillion Btu), 2008–35
Figure: Mannheim city project, 2012
Figure: Conceptual view of smart grid with potential technology, 2011
Figure: Proposed HVDC link between Spain and France, 2012
Figure: OpenWay meter, 2012
Figure: V2G schematic, 2012
Figure: Cost of a one-hour interruption in electrical service by industry ($), 2011
Figure: Microgrid value proposition
Figure: EneryIP software platforms, 2012
Figure: Smart meter schematic, 2012
Figure: Total EV sales ('000), 2010–30
Figure: World energy consumption (quadrillion Btu), 1990–35
Figure: Increase in peak demand over 2010 (%), 2020–50
Figure: Top 10 smart grid federal stimulus investments by country ($m), 2010
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