Power interruptions result in huge economic losses -- up to $150 billion annually. As such, distribution automation, which presents a viable solution to ensuring effective asset management, minimal interruption, and enhanced efficiency in the grid network, is quickly becoming a requirement for utilities.
Forecasts show spending on smart grid infrastructure in India at $21.6 billion between 2015 and 2025 -- on top of the billions that the Indian government has already spent. Former Mayor Bloomberg has pledged help to the country launch 100 smart cities.
Lockheed Martin and Dominion Resources, Inc. have announced a co-developed smart grid technology that uses GPS technology.
Power Line Communication (PLC) has often been used in more urban areas, because of its short distance capabilities, but the Smart Rural Grid project is working to increase those distances and bring smart grid technologies to rural areas.
To bring more reliable power to homes and businesses in Portsmouth, Middletown and Newport, Rhode Island, National Grid will invest approximately $93 million in the electricity transmission and distribution systems on Aquidneck Island as part of the Aquidneck Island Reliability Project. The project will increase delivery capacity on the Island to meet power supply needs well into the future.
The project as proposed would involve the installation of a bi-directional submerged transmission cable between Block Island and the Rhode Island mainland. The transmission system would connect Deepwater Wind's proposed 30 MW Block Island Wind Farm, located in Rhode Island state waters about 2.5 nautical miles southeast of Block Island, to the Rhode Island mainland and transmit power from the existing onshore transmission grid on the mainland to Block Island. The ROW corridor, which is about eight nautical miles long and 200 feet wide, comprises the portion of the transmission line that crosses federal waters.
The smart grid is becoming big business, driven by the need for a more responsive, automated global power grid. With the past two years seeing rapid technological advancements and shifting priorities among industry players, as well as a clearer picture of the quantifiable benefits of smart grid technology like improved grid reliability and economics, business is booming.
The Federal Energy Regulatory Commission (FERC) has accepted Southwest Power Pool's (SPP) proposal to integrate Western Area Power Administration - Upper Great Plains Region, Basin Electric Power Cooperative and Heartland Consumers Power District into SPP -- significantly expanding the SPP market.
Economists at the Brattle Group have found that deploying grid-integrated distributed electricity storage in Texas could provide substantial net benefits to the power system in ERCOT and its electricity customers. That is according to research commissioned by Oncor Electric Delivery Company, a Transmission and Distribution Service Provider (TDSP) in Texas.
Public Service Enterprise Group's (PSEG) 2014 sustainability report offers a close look at how the company is investing in infrastructure to improve the reliability and resilience of its electric and gas systems. The report includes an analysis from Rutgers University, concluding that PSEG's 10-year, $8.1 billion transmission investment program will support 6,000 jobs annually and generate more than $4.3 billion in salaries and benefits to workers, as well as more than $640 million in state and local government revenue.