November 15, 2013
The discussion on smart grid is clear and omnipresent reality that is developing. Competing competition in technology and obsolescence is a primary driver in smart grid thinking. To begin a grid the role of thought leadership, education and technology will have to come together to manage solutions. The role of “Smart grid technology core part of utility investment strategy” as well as one step to efficient analysis of their current systems.
It is offered that, “More than two-thirds of utility executives believe that the benefits of smart grids and smart meter deployments — which include improved customer service, reliability and outage response — will exceed original industry forecasts, according to a new global survey by Accenture. A large majority of executives surveyed (85 percent) also expect the industry’s competitive landscape to change in the next five years, with more new entrants in the areas of energy efficiency and demand response, data services and distributed power generation.”
“The Digitally Enabled Grid survey of 54 global utility executives in 13 countries found that for 98 percent of the utilities represented, the smart grid is a natural extension of the ongoing upgrades to the electricity network, confirming that smart grid technology has become a core part of their investment strategy,” report Fierce Grid.
The grid is not only about power accessibility but moreover, safety, security, affordability, utility and functionality and gathering the data to maintain efficiency. The development of the smart grid is the nexuses of technology, utility and infrastructure to accommodate power deployment and reliability.
The ability to secure manufacturing of electric vehicles, renewable energy development and clean energy technology is dependent on securing a smarter grid for operationalizing today’s demand and future reliability.