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The first official definition of Smart Grid was provided by the Energy Independence and Security Act of 2007 (EISA-2007), which was approved by the US Congress in January 2007, and signed to law by President George W. Bush in December 2007. Title XIII of this bill provides a description, with ten characteristics, that can be considered a ...
Support for the smart grid in the United States became federal policy with passage of the Energy Independence and Security Act of 2007. [1] The law set out $100 million in funding per fiscal year from 2008 to 2012, established a matching program to states, utilities and consumers to build smart grid capabilities, and created a Grid Modernization Commission to assess the benefits of demand ...
The term smart grid is most commonly defined as an electric grid that has been digitized to enable two way communication between producers and consumers. [1] The objective of the smart grid is to update electricity infrastructure to include more advanced communication, control, and sensory technology with the hope of increasing communication between consumers and energy producers.
Smarter Planet is a corporate initiative of the information technology company IBM. [1] The initiative was formed to encourage the ideas of business, government, and civil society leaders worldwide towards their path of achieving economic growth, near-term efficiency, sustainable development, and societal progress.
Smart grid applications increase the opportunities for demand response by providing real time data to producers and consumers, but the economic and environmental incentives remain the driving force behind the practice. One of the most important means of demand response in the future smart grids is electric vehicles.
The improved flexibility of the smart grid permits greater penetration of highly variable renewable energy sources such as solar power and wind power, even without the addition of energy storage. Smart grids could also monitor/control residential devices that are noncritical during periods of peak power consumption, and return their function ...
The purpose of the Smart Grid task force is to undertake research and development about the smart grid, developing relevant standards and protocols, defining the relationship between smart grid technologies and practices and current electric utility regulation, as well as researching the development of smart grid infrastructure. [14]
In addition to that, Smart Grids are declared to be one measure to reduce CO 2 emissions. There are currently 24 Projects run by private companies around the Smart Grid technology supported by the Austrian Klimafonds and FFG, [ 5 ] that are being concluded in the years 2011 and 2012 and have a total volume of €10.3 Mio.