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Follow on Google News | Smart Grid Projects Fail to Demonstrate SavingsUtility and government investment in smart grid demonstration projects is showing questionable results, according to a new report “Smart Grid Demonstration Projects and Utility Programs” released by Energy Business Reports.
Worldwide investment on new T&D equipment and services will surpass $107 billion in 2010, according to a report from Visiongain, and government-funded initiatives are leading the way. For example, in August 2010, the DOE announced that a Penn State University research group will receive up to $122 million over the next five years from the Department of Energy to develop an "energy innovation hub,” that will research, develop and demonstrate more energy efficient building components at the 200+ building Philadelphia Navy Yard Clean Energy campus. The power transmission and distribution system is being transformed by the smart grid, and utilities and technology providers are scrambling to demonstrate the effectiveness of their products and services. The power industry, trailing behind other sectors already revolutionized by computerization is seeing an increase of smart grid demonstrations. In this report, Smart Grid Demonstration Projects and Utility Programs, you’ll learn details about upcoming smart grid case studies funded by the government and industry. # # # Energy Business Reports publishes cutting-edge business research and analysis reports in the global energy industry including power, oil and gas, and renewables markets. End
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