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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.
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]
According to David K. Owens, the former executive vice president of the Edison Electric Institute, two key elements that a smart city must have are an integrated communications platform and a "dynamic resilient grid." [83] Smart grids are an important technology in smart cities. The improved flexibility of the smart grid permits greater ...
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 European Technology Platform (ETP) for the Electricity Networks of the Future (SmartGrids) is a European Commission initiative that aims at boosting the competitive situation of the European Union in the field of electricity networks, especially smart power grids. The ETP represents all European stakeholders.
A concept of a super grid. The geopolitical impact of the growing use of renewable energy is a subject of ongoing debate and research. [229] Many fossil-fuel producing countries, such as Qatar, Russia, Saudi Arabia and Norway, are currently able to exert diplomatic or geopolitical influence as a result of their oil wealth. Most of these ...