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

Thursday, June 11, 2009

Duke Energy- North Carolina utility moving ahead on smart grid technology

Published: 6/11/2009
A North Carolina utility company is moving customers closer to the time when they will save more money and energy with help from smart grid technology.

Duke Energy announced this week it will be working with Cisco Systems to bring smart grid technology to its 11 million customers. The two companies have entered into a three-year partnership that will feature two-way digital communication to increase efficiency and use less energy.

The companies are comparing their effort to an "energy internet" that will replace the current analog electric grid with advanced digital technology. The improvements will be added to the electric grid as well as to individual homes in five states.

The internet-protocol based open standards to be used in the project will also have the important benefit of easily accommodating new energy technologies that may be introduced in the coming years.

Duke indicated that in Ohio alone, its plans calls for installing more than 700,000 electric smart meters and 450,000 natural gas meters, while in Indiana, 800,000 residents would receive smart meters.

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