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SmartGrid: The Future of Electric Power

Apr 14, 2011 11:00:00 AM

SmartGrid technology is the effective future of the electric power industry. Just consider the numbers: the US SmartGrid market is expected to double in size between 2009 and 2014, from $21.4 billion to $42.8 billion, with global SmartGrid spending exceeding $200 billion in 2015. With significant aid from federal stimulus funding, SmartGrid development and implementation has already begun across the US. Experts expect SmartGrid technology to become the electric industry standard within 20 years.

You’re probably familiar with what SmartGrids can do. If you’re not, think improved energy consumption information + customer empowerment. SmartGrids leverage automated power systems that monitor and control grid activities, ensuring a constant two-way flow of electricity and information between plants, consumers, and points in between. That information will originate from millions of data points scattered among system devices, enabling utilities to adapt electricity delivery to usage patterns. Demand-response software will enable utilities and consumers to turn high-demand appliances on and off during peak demand periods, improving efficiency. Technology can allow consumers to monitor their home’s energy consumption at the appliance-level (dishwasher, refrigerator, etc), and adjust their thermostats and other power-consuming devices via computers and mobile phones. Basically, SmartGrids will allow consumers and grid operators to understand what’s going on demand-side and make grid management more intelligent.

Information technology (IT) is the driver of SmartGrid technology. Custom software, data management, systems integration, and data security are critical to SmartGrid operations. We bring these solutions to utilities en route to SmartGrid deployment. If you’re making the move, talk to us. We prepare companies for the switch.

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