The smart grid market in Europe will experience considerable development over the next five years, as utilities across the region work to meet rigorous efficiency mandates and integrate an ongoing build-out of renewable energies into the grid. GTM Research’s latest report forecasts the cumulative European smart grid technology market to hit €3.1 billion in 2012, Continue reading →
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To meet EU energy targets, many European nations are ramping up their investments in smart metering. Earlier this week Echelon announced that Fortum Norway awarded a smart grid project to Echelon partner Telvent to deploy Echelon’s smart metering system to the utility’s 100,000 electricity customers. That’s a big deployment, and it look like that’s just Continue reading →
Reseach and consulting firm Frost & Sullivan predicts that the number of smart meters in Europe will have grown 26% by 2017 (based on a compound annual growth rate compared to 2010) with the UK having the highest growth potential, closely followed by France and Spain. The EU’s third energy directive aims to achieve 80% Continue reading →
This week I attended the Launch Event of the Smart Energy Demand Coalition in Brussels. The Smart Energy Demand Coalition (SEDC) is dedicated to making the demand side a smart, interactive part of the energy value chain in order to ensure the long-term goals of the Smart Grid. While the SEDC has very clear intentions, Continue reading →
There are few transformations driven by information and communication technologies (ICT) that are as promising as “smart grids” in meeting Europe’s urgent energy challenges, according to a white paper published today by SAP AG (NYSE:SAP – News) and presented in Brussels to Gunter Oettinger, European Energy Commissioner. The paper, “Smart Grids for Europe: Benefits, Challenges, Continue reading →
There’s big news in the smart grid industry today. Analyst firm Berg Insight has released a report saying that the number of smart electricity meters in Europe will grow at a compound annual growth rate of 17.9 percent between 2009 and 2015 to reach 111.4 million at the end of the period. That’s a whole Continue reading →
The Smart meter technology is designed to show the exact use of energy; allowing them to curb its use, save money, and cut carbon emissions. These meters provide a wide range of advanced features. Such features include the ability to detect service outage, unauthorized use of electricity and change the maximum amount of electricity that Continue reading →
The European Union is likely to miss its target of cutting energy consumption by a fifth by 2020 unless it takes bolder action, the European Commission said at the start of a public consultation. “There are strong indications that with ongoing actions the EU will not be able to reach its saving objective for 2020,” Continue reading →
The market for smart meters in Europe although nascent is expected to be more of a ‘push’ market. It is primarily driven by legislations and by the need to handle the increasing demand for electricity that has far exceeded the grid’s capacity. Most of the utilities have been forced to improve their measurement and monitoring Continue reading →
