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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 ...
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.
Logo. 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.
Every advisor's marketing plan is different. At a minimum, a financial advisor marketing plan should include these sections: Executive summary. Target market. Value proposition. Competitors and ...
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 ...
Using diversified renewable energy sources and smart grids can also help flatten supply and demand. [35] Sector coupling of the power generation sector with other sectors may increase flexibility: for example the transport sector can be coupled by charging electric vehicles and sending electricity from vehicle to grid. [36]
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 ...