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The smart grid market in China is estimated to be $22.3 billion with a projected growth to $61.4 billion by 2015. Honeywell is developing a demand response pilot and feasibility study for China with the State Grid Corp. of China using the OpenADR demand response standard.
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.
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 ...
Marketing research is the systematic gathering, recording, and analysis of qualitative and quantitative data about issues relating to marketing products and services. The goal is to identify and assess how changing elements of the marketing mix impacts customer behavior.
Demand-side management was introduced publicly by Electric Power Research Institute (EPRI) in the 1980s. [8] Nowadays, DSM technologies become increasingly feasible due to the integration of information and communications technology and the power system, new terms such as integrated demand-side management (IDSM), or smart grid. [9] [10]
Smart Grid is designed to support operational and energy measures such as smart meters and appliances, renewable energy resources, as well as energy efficiency resources. [13] The Department of Energy (DoE) is required by Section 1304 of the act to conduct Smart Grid research, development, and demonstration. In addition, the National Institute ...
Research is mainly focused on three systems of a smart grid – the infrastructure system, the management system, and the protection system. [42] Electronic power conditioning and control of the production and distribution of electricity are important aspects of the smart grid. [43] The smart grid represents the full suite of current and ...
The Federal Ministry for Transport, Innovation and Technology initialised a cooperation with Swiss and German partners. The goal is to research information and strategies for implementing Smartg Grids, on the basis of experiences from research and pilot projects for the development and testing Smart grid solutions. [6]