Smart Grid

What’s on the agenda for the utility industry today and into the future? Platts and Capgemini asked the industry leadership in their latest survey. The answers revolve around regulation, finance, and human resources.

Energy storage developments got a boost as Beacon Power Corp. in June announced that its first flywheel energy storage plant in Stephentown, N.Y., achieved its full 20-MW capacity, and AES Energy Storage said its Los Andes battery storage system in Chile had performed continuously for more than 18 months as a critical reserve unit for the nation’s northern grid.

A cooperative in northern Vermont serving a largely rural area has proven that even small utilities can achieve great smart grid results by planning wisely. For improving service to its members by developing a grid modernization strategy before “smart grid” was a buzz phrase, Vermont Electric Cooperative is the winner of the first POWER Smart Grid Award.

A number of automotive manufacturers, electric utilities, electric power associations, and research groups are working to develop and evaluate technical approaches to integrating plug-in electric vehicles (PEVs) into the U.S. electrical grid system. This is a key requirement of facilitating widespread, near-term adoption of PEVs by the American public.

David K. Owens, executive vice president, Business Operations Group for the Edison Electric Institute, comments on the progress U.S. utilities are making toward a smarter electrical power grid.

Electricity grids are slowly getting smarter. Simultaneously, the use of distributed generation is increasing. Though smart grid advocates tout the ability of a smarter grid to enable greater deployment of distributed resources, the benefits could flow in both directions.

While the cybersecurity threat escalates asymmetrically, federal agencies may be shortchanging cybersecurity while developing smart grid standards designed to protect the emerging smart grid from attack.

Like its neighbor to the south, Canada faces enormous costs to upgrade and expand its transmission and distribution system. The desire to integrate more renewable power into the grid, build a smarter grid, and export more power are providing the rationale for action, but capital and political will lag behind.

The concept of a smart grid may have been born in the U.S.A., but it’s hitting an adolescent growth spurt just about everywhere else first. Meanwhile, in the U.S., both the regulators and companies that see great potential in a smarter grid are realizing that making substantial smart grid progress will first require making both people and policies smarter. There’s one exception, one piece of the smart grid, that could face fewer obstacles to adoption, and that’s because it offers more obvious and visible benefits to its users: electric vehicles (EVs).

The Electric Power Research Institute (EPRI) has identified four breakthrough technologies and funded them through its Strategic Research and Development Portfolio. EPRI expects to accelerate development of these innovations because they are likely to have significant effects on how electricity is generated and delivered.