Smart grid execs zero in on energy storage, DG and microgrids

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Can 460 global smart grid executives be wrong? According to results of a just-released survey commissioned by IEEE, executives believe energy storage, distributed generation and microgrids are both fueling and feeding off of the smart grid engine.

 

Survey conclusions, which are highlighted in a report titled “Power Systems of the Future: The Case for Energy Storage, Distributed Generation, and Microgrids” created by Zpryme Research & Consulting, include:

 

·         Private- and public-sector funding for microgrids, distributed generation and grid-level storage research and development (R&D) and projects/pilots would contribute to more cost-effective solutions, inform better business cases and help reveal best practices around installation, application and optimization for the technologies.

 

·         Europe is the global leader in adopting and utilizing distributed generation and microgrids, while North America is prominent in storage technology. The report says that these regions stand to “take the lead when it comes to developing and deploying next-generation distributed energy systems.”

 

·         Energy management systems, distributed management systems and communications technologies are identified as the critical enabling technologies for energy storage, distributed generation and microgrids, as well as advanced grid services such as net metering, load aggregation and real-time energy monitoring that in many cases will be delivered in the cloud.

 

“The smart grid is a journey," notes Wanda Reder, IEEE Smart Grid Chair. "The methods and technologies that undergird electricity delivery around the world have grown steadily more intelligent over decades, and now, with the smart grid, we’re challenging traditional norms that utilities and their suppliers have known. Energy storage, distributed generation and microgrids will prove to be critical elements in the transformation, as will incentives, standards, policy and customer engagement. And all of those pieces must align logically within a long-range plan for society to efficiently realize the revolutionary benefits that the smart grid promises.”

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More from the survey is available via the IEEE Smart Grid web portal or from Zpryme Smart Grid Insights.

 

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