The Economic Bonuses of Smart Grid Technology
The bonuses of the smart grid to the environment are obvious. If the usage numbers are broken down to before and after smart grid, the benefits to consumers are just as obvious. What about the economic bonuses of smart grid technology? How does it benefit companies and consumers both financially?
The benefits of smart grid would include:
* The supply and demand management. Knowing when and where more energy will be needed and being able to meet that demand will be key to preventing waste. A rural electric company must boost energy amounts sent from the substation to make it all the way to outlying customers, leading to huge amounts of waste, especially if Farmer Johnson and his family have set up and kicked on a wind farm operation. Without this waste, energy generation and delivery would become far more efficient and cost effective.
* The multi-tiered energy program. Smart grid would allow for power charges to be at varying levels throughout the day. Instead of paying one, flat rate that may not be fair to all customers, a higher amount would be paid for energy usage during peak times and less for use when demand is not as great. Again, this would reduce wasted energy as well as create smarter consumers.
* Vehicle integration. Most people use their vehicles to get around during the day when power costs are higher and then charge them at night during off peak times. Integrating the vehicle to the smart grid would allow it to either charge during off peak times or at scheduled times. It would also allow it to give back energy to the grid at times.
* Consumer controls. Old meters only monitor how much energy has been sent into the home and may not reflect realistic usage at all. New meter types would not only allow for more accurate detailing of how much energy is being used, but in real time. Outdated and energy sucking appliances could then be replaced, because each consumer would be able to see how much they are actually costing to keep.
All of this means that the customers will get smart about how much energy is being used and where it is coming from, saving the utility company money. A lower need for new lines and wires will save additional money, as will reducing the need for more substations and electrical plants. Government grants and subsidies will offset some of the cost for the smart grid upgrades, but many questions still remain to be answered before they are universal or even nationwide.
Questions and Answers
Despite the backlash to the initiative, president Obama's administration has gone forward with allocating stimulus money towards constructing the smart grid. One of the historic first steps has been taken today as the city of Miami proposes leading the initiative with a $200 million project to create a smart grid within Florida. The smart grid, 'Energy Smart Miami,' will be built by network powerhouses Cisco Systems, among several other companies wanting to get their feet wet with green tech.
Wind energy in Australia as provided by Vestas Australian Wind Technology is now expected to advance, following the smart grid interconnection provided by American Superconductor Corporation (AMSC).
An article released by Larry Karisny, contributing writer for MuniWireless and Government Technology Magazine. A serious look at cyber security for the smart grid with top experts weighing in with both problems and solutions.
Chinese smart grid has its own features. It is regarded as the strong smart grid based on ultra-high voltage network by the State Grid Corporation. Thus, it is forecast that the investment in Chinese smart grid will mostly concentrate in the power transmission side, in contrast to the investment of USA which concentrates in the power distribution side. Moreover, China will probably enlarge the storage and access of the power generated from renewable energy.
The "smart grid" is a rapidly growing set of technologies, processes, devices and applications that affect and enhance the traditional electric grid. These advances are partially driven by exponentially growing demands worldwide for energy as expressed in a commonlyrepeated statistic that "global electricity demand is expected to increase 75% by 2030."
http://www.WhoIsMikeFarrell.com The current power grid is a dinosaur tracing its roots back to early grid projects in the late 1880s, reports Mike Farrell with aspenIbiz. Read this short post as it provides an overview of the entire technology landscape that is enabling the smart power grid and is a game changer for renewable energy.
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Most small businesses take advantage of computer technology, and it certainly can make things a lot easier for everyone within the business when you do so properly. Unfortunately, there are also a number of different problems that can occur as a result of the technology that you are using.
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According to leading research carried out by Gartner, the number of PCs distributed throughout the first quarter of 2012 went up by 1.9% which was better than analysts predicted.
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There is an old phrase: "Don't throw the baby out with the bathwater." This may apply to this particular case. In a recent interview with Neil Cavuto on Fox News, Donald Trump went to task on global warming, clean coal and the economic competitiveness of clean energy. While Mr. Trump is an extremely savvy business man, I think he missed the point on clean energy and green jobs.
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From the private homeowner to the business owner, the smart grid is not only a smart idea, it is increasingly becoming a necessary one as well. From reducing energy costs and usage to helping find newer and better energy solutions, the smart grid is going to eventually change the way that the world does business, one business at a time.
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