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Power

Smart Grid Technologies Create Foundation For Smart City Projects

Report code: GDSG0057VPT
Published: Nov-2012
Formats:
  • Adobe PDF
Number of pages: 8
Description
Contents
  • GlobalData's report “Smart Grid Technologies Create Foundation For Smart City Projects” provides an analysis on role of smart grid technologies in the development of smart city projects. Projects such as the Smart Grid Smart City project in Australia, the Jeju Island Smart Grid project in Korea, and Energy Smart Miami in the US are serving as test beds for various smart grid technologies, and are helping in developing a state-of-art and competitive urban infrastructure. The target-specific roll-out plans, attractive incentives and funding arrangements from governments are helping the respective utilities to implement their smart city projects. Interoperability standards for smart grid technologies, which are now available, have cleared the technical inhibitions in the industry space. This will accelerate the integration of smart grid technologies with other technologies related to urban infrastructure, mobility, education, healthcare, climate change, civil security and city governance. The recent investments in smart grid pilot projects have resulted in improved energy efficiency, significant loss reductions, a spur to renewable energy supplies, and price conscious customers. As a result, investments in smart grids, compared with smart transportation systems, smarter schools and biotech projects, have yielded superior returns to investors. Being a solid business model with proven technologies, it is expected that smart city projects planned for the next five years will show more interest in setting up intelligent, efficient and responsive electricity infrastructure.

    Scope

    Utilization of various smart grid technologies in smart city projects.

    Benefits of interoperability standards in providing integrated smart services to smart cities.

    Government initiatives towards the implementation of smart grids in smart cities.

    Reasons To Buy

    • Gain insight on the role of smart grid technologies in smart city projects.
    • Developing market peneteration strategies for smart cities.
    • Gain insight on the adoption trend of smart grid technologies in various smart city projects going around the globe.

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