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The Future Economy of the Smart Grid
By Erin Harrison
With the world’s overall energy demand increasing by what seems to be the hour, deployment of smart grids presents new opportunities for utilities and service providers – but first they need to weigh all the factors involved in the future of smart grid.
According to the International Energy Agency (IEA), global energy demand is expected to rise by nearly 40 percent between now and 2035, as cited in a recent Alcatel-Lucent article, “Anticipating the Future’s Smart Grid Economy.”
Power utilities are indeed presented with new revenue opportunities, but they need to determine how they fit in to the future Smart Grid.
