For years, industry publications have touted Smart Grid cost-benefit study results that show Smart Grid investments paying for themselves with reduced utility costs. The widely quoted report published by the Electric Power Research Institute, “Estimating the Costs and Benefits of the Smart Grid”, estimated benefits that are 2.8 to six times the cost of the Smart Grid investment.
According to these estimates and similar studies, Smart Grid investments are a perfect application...
Maximizing continuous and reliable power output, extending the life of a power transformer, and reducing maintenance costs are just a few of the benefits motivating electric utilities to move toward buying a “smart transformer”, electrical equipment integrated with Smart Grid-enabling software...
Ten information technology trends transforming the power industry BY PHILL FELTHAM, Editor-in-Chief Electricity Today Magazine Information technology is a term that almost sounds like a cliché. However, information technology, or IT, has affected almost every industry worldwide. For example, the...
Utilities worldwide are adopting innovative technology to embrace the potential of the Smart Grid while conquering a myriad of new challenges posed by it, and by a new host of financial and regulatory challenges. In order to take advantage of the opportunities presented, while at the same time,...
In a strategic move aimed at enhancing its power supply reliability, FirstEnergy is actively exploring alternatives to the PJM capacity market. This development reflects the company’s proactive approach to addressing challenges within the existing market structure and ensuring a more robust...
In a significant move for the renewable energy landscape, RWE, a leading global energy company, has announced the addition of 450 megawatts (MW) of battery energy storage capacity in Texas. This expansion underscores the growing importance of energy storage solutions in enhancing grid reliability...
In the rapidly evolving landscape of power grid management, digital twin technology is emerging as a game-changer for substations. By creating virtual replicas of physical assets, digital twins bridge the gap between the physical and digital worlds, enabling enhanced operational efficiency and...
In a strategic move aimed at enhancing its power supply reliability, FirstEnergy is actively exploring alternatives to the PJM capacity market. This development reflects the company’s proactive approach to addressing challenges within the existing market structure and ensuring a more robust...
Itron Inc, which makes technology to monitor energy and water usage, said it would buy Silver Spring Networks Inc., in a deal valued at about $830 million, to expand its presence in the smart city and smart grid markets. Silver Spring’s network equipment and services help transform power...
Increasingly, electric utilities are deploying intelligent electronic devices (IEDs) and other smart apparatus in substations and along distribution feeders as well as equipping field workers with laptop, tablet and handheld computers. Electric utilities are also installing specialized computers...
For years, industry publications have touted Smart Grid cost-benefit study results that show Smart Grid investments paying for themselves with reduced utility costs. The widely quoted report published by the Electric Power Research Institute, “Estimating the Costs and Benefits of the Smart...
