A study commissioned by CSC and conducted by IDC Energy Insights reveals utility and retail energy providers are increasing investments in information and communication technologies, says CivSource. The report highlights that companies aren’t leveraging data generated by smart grid technologies to understand consumption. This could identify potential revenue leakage, forecast customer costs and allow customers Continue reading →
investment
Energy-efficiency measures in the southern United States could save consumers $41 billion on their energy bills, open 380,000 new jobs, and save 8.6 billion gallons of water over the next 10 years, finds research from Duke University and the Georgia Institute of Technology released today. On average, each dollar invested in energy efficiency over the Continue reading →
The technology is maturing and there’s significant investment on the way, but the smart grid still lacks the regulations and consumer demand for it to take off like the Internet did. On Wednesday, a conference panel of executives involved in the smart grid said that there are a lot of benefits to upgrading the grid Continue reading →
The electric power system in the U.S. is dirty, antiquated, stupid, unstable, and a security nightmare. After years of discussion and debate, consensus now holds that the generation, transmission and distribution infrastructure will need hundreds of billions in new investment to reduce emissions, improve reliability, minimize waste and inefficiency, improve security, and facilitate the integration Continue reading →
There is a great deal of excitement surrounding the smart grid roll-out happening worldwide as it promises to make the delivery of electricity more efficient, reliable, environmentally friendly, and cost-effective. Governments around the world are investing is smart grid deployments. For example, the U.S. government has earmarked $4.5 billion, while in China, a 4 trillion Continue reading →
Pennsylvania is strengthening its position as a leader in solar energy with new investments of more than $5 million in 13 new projects, Governor Edward G. Rendell said today. “We have made remarkable progress in making Pennsylvania a leader in renewable energy in a very short period of time,” said Governor Rendell. “We’ve invested nearly Continue reading →
After years of talking about a needed overhaul of the United States’ electrical infrastructure, the federal government decided to do something about it by awarding US$3.4 billion in smart-grid project grants on Oct. 27. Billed as “the largest single energy-grid modernization investment in U.S. history,” the funding under the American Reinvestment and Recovery Act is Continue reading →
A $3 million investment will allow a Boulder-based company to immediately hire 30 people, most of them engineers, according to its CEO. Boulder-based Power Tagging has received a $3 million investment from Dominion Resources, the fourth-largest power utility in the world, to continue development its “smart grid” technology. via The Longmont Times-Call.
Governments and utilities worldwide are likely to spend $200 billion on so-called smart grid initiatives by 2015, a development that promises greater energy efficiency on a global scale, but that is only a small step towards what could be done to use energy more efficiently. via Smart Grid Spending On The Rise But Not Enough Continue reading →
The $100 million initiative will see Government, energy and communications sectors working in partnership to deploy Australia’s first commercial-scale smart grid, with the potential to reduce home energy bills, cut carbon pollution and help in the fight against climate change. “Smart grids provide greater ability to incorporate and distribute renewable energy, save money through cutting-edge Continue reading →
On the afternoon of Thursday August 14, 2003 some 50+ million people in eight states and the province of Ontario lost power. Known as the Northeast Blackout of 2003, this event was the largest blackout in North American history. According to Scientific American, the blackout caused 11 deaths and cost approximately $6 billion. The events Continue reading →
A previous article introduced the concept and supported the notion for the development of a smart grid both here and abroad. The Department of Energy (DOE) announced the availability in June of $3.9 billion in stimulus grants for modernizing the nation’s electricity grid. The majority of this funding will be composed of cost-shared grants totalling Continue reading →
Just because the deadline for applying for Department of Energy smart grid stimulus funds has passed doesn’t mean utilities seeking the funds can’t announce they’ve done so after the fact. That’s the case for at least three more utilities – Progress Energy, NV Energy and Tacoma Power – that said this week that they would Continue reading →
City Utilities plans to seek two federal stimulus grants to pay half the cost of more than $23 million in smart grid electrical management system improvements. The CU board Thursday voted to apply for two Smart Grid Investment Grants — $10.1 million for an electric advanced metering system and $1.45 million for automatic residential meter Continue reading →
A Cisco executive attracted some eye rolling after commenting that smart grid could be “even bigger than the Internet.” But the statement isn’t farfetched when you think about what smart grid encompasses: a convergence of three industry giants: information technology, telecommunications and the electric grid, the world’s biggest machine. A report this week by Greentech Continue reading →
EMeter Corp. has landed $32 million to boost its smart meter data management software business and new home energy management platform. The San Mateo, Calif.-startup on Wednesday announced the investment from Sequoia Capital and existing investor Foundation Capital. It adds to $25 million eMeter had previously raised, including a Series A round in April 2007 Continue reading →
