Understanding The Smart Grid
Miscellaneous
·
OSTI ID:20962193
The report provides an overview of what the Smart Grid is and what is being done to define and implement it. The electric industry is preparing to undergo a transition from a centralized, producer-controlled network to a decentralized, user-interactive one. Not only will the technology involved in the electric grid change, but the entire business model of the industry will change too. A major objective of the report is to identify the changes that the Smart Grid will bring about so that industry participants can be prepared to face them. A concise overview of the development of the Smart Grid is provided. It presents an understanding of what the Smart Grid is, what new business opportunities or risks might come about due to its introduction, and what activities are already taking place regarding defining or implementing the Smart Grid. This report will be of interest to the utility industry, energy service providers, aggregators, and regulators. It will also be of interest to home/building automation vendors, information technology vendors, academics, consultants, and analysts. The scope of the report includes an overview of the Smart Grid which identifies the main components of the Smart Grid, describes its characteristics, and describes how the Smart Grid differs from the current electric grid. The overview also identifies the key concepts involved in the transition to the Smart Grid and explains why a Smart Grid is needed by identifying the deficiencies of the current grid and the need for new investment. The report also looks at the impact of the Smart Grid, identifying other industries which have gone through a similar transition, identifying the overall benefits of the Smart Grid, and discussing the impact of the Smart Grid on industry participants. Furthermore, the report looks at current activities to implement the Smart Grid including utility projects, industry collaborations, and government initiatives. Finally, the report takes a look at key technology providers involved in the Smart Grid and provides profiles on them including contact information, company overviews, technology reviews, and key Smart Grid activities.
- Research Organization:
- Research Reports International, Inc., Evergreen, CO (United States)
- OSTI ID:
- 20962193
- Country of Publication:
- United States
- Language:
- English
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