Top #smartgrid trends to look out for in 2012
What’s in store for smart electricity development in 2012? As utilities and consumers alike seek more energy efficient, sustainable solutions, smart grid investment is an increasing priority for MENA utilities.
Here are 5 top trends to expect next year:
1. Distributed Automation (DA) takes centre stage
Over the past 30+ years, DA has helped the utility industry realize cost savings and improve operational efficiency, reliability, and energy conservation, and its impact is projected to continue to grow in coming years (Pike Research forecasts that DA revenues will reach $10.4 billion by 2014, up from $2.7 billion in 2010).
2. Demand response programs set to increase
By enabling energy users to adjust power consumption based on signals from the grid, demand response (DR) provides a more efficient and less expensive way to use energy.
3. Cyber Security will remain a strong focus
Pike Research estimates that utilities will invest $14 billion, between 2011 and 2018, in cyber security solutions to secure their infrastructure.
4. Continuous investment in analytics to extract value from big data
The ability to process and analyze data in real-time will be essential for the smart grid. In 2012, utilities will begin to investigate analytics solutions, and we expect to see broad adoption by utilities over the next two to three years.
5. Reassessment of smart grid training, education and communication
Through the smart grid, utilities and consumers will be able to work together to manage energy more efficiently, resulting in improved energy efficiency and lower costs. Although there is still work to be done, 2012 will be an exciting year to watch as these trends unfold and we work towards making the smart grid a reality.
To read the full article, please visit:
http://www.dailyenergyreport.com/2012/01/smart-grid-trends-to-watch-for-in-2012/
To hear how Middle East utilities are investing in Smart Grids to secure their energy supply for the future, Smart electricity World MENA 2012 the ideal learning platform for those seeking to not only upgrade physical electric infrastructure but also re-invent and revolutionize the utility business model.
4 – 6 June 2012, The Ritz-Carlton, Dubai International Financial Centre, Dubai, UAE
