A new report by Innovation Observatory, more than $378 billion will be collectively invested in building electricity smart grids by 2030. Sources: Http://Xrl.Us/Bii2sf http://xrl.us/bigqfh

Friday, July 11, 2008

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The Modern Grid Strategy

NETL’s Modern Grid Strategy (MGS) seeks to accelerate the modernization of our nation’s electricity grid. To accomplish this, MGS is fostering the development of a common, national vision among grid stakeholders. MGS is also working toward a framework that enables utilities, vendors, consumers, researchers and other stakeholders to form partnerships and overcome barriers. Finally, MGS supports demonstrations of systems of key technologies that can serve as the foundation for an integrated, modern power grid.

The Challenge of the Old Grid: America’s global competitiveness and quality of life depend upon plentiful, reliable electric power. Consider some of the economic consequences of power losses:

Power interruptions and disturbances cost the U.S. electricity consumer at least $79 billion per year1 [PDF-94KB]
A recent rolling blackout caused an estimated $75 million [PDF-692KB] in losses in Silicon Valley alone.2
When the Chicago Board of Trade lost power for an hour during the summer of 2000, trades worth $20 trillion [PDF-692KB] could not be executed.3
Our nation is increasingly held back by an outdated power delivery infrastructure. Designed in the 1960s or earlier, much of this critical national asset is well beyond its design life. The financial consequences of interruptions are growing into an enormous threat.


A Vision for the Modern Grid
Characteristics of
the Modern Grid
Technologies of
the Modern Grid
Benefits of the
Modern Grid
The Modern Grid Stakeholder Community

Current Documents

Opportunity – A New Dawn for the Grid: The power grid is increasingly operating at its limit, facing shortcomings in capacity, reliability, security and power quality. Smart investments must occur to replace aging infrastructure and expand capacity where necessary to meet increasing electricity demand. This investment represents a once-in-a-century opportunity to apply new technologies and systems rather than the antiquated designs and technologies of the 1960s and earlier. New advances in power delivery, communications and information technology have laid the groundwork for a modern grid. Proven effective in lab tests and field trials, these cutting-edge solutions offer dramatic improvements in power quality, service and cost savings.

The technology is here, the challenges are manageable, and the benefits far outweigh the costs. Through collaboration and cooperation, we can renew the nation’s power infrastructure in a phased, affordable way and create the foundation for our country’s economic growth and prosperity.

Follow the links to the right to learn more about our efforts to modernize the grid, or contact a MGS team member directly by sending an email to: moderngrid@netl.doe.gov.

1 comment:

  1. Call for efficiency widens in utility sector

    By Steve Gelsi, MarketWatch
    Last update: 9:51 p.m. EDT July 10, 2008NEW YORK (MarketWatch) -- It's rare in the history of American business for an industry to discourage people from buying more of its own product, but that's exactly what giant utility companies are doing with their customers nowadays.

    more: http://www.marketwatch.com/news/story/utilities-ramp-up-efficiency-push/story.aspx?guid=%7B8D5EFDA2%2D69D0%2D4899%2DA255%2D64BC696F909F%7D&siteid=yhoof

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