Blackouts, More Than Efficiency, Drive Smart Grid Growth

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Blackouts, More Than Efficiency, Drive Smart Grid Growth

by RP Siegel
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#Blackouts are driving force behind investment in Smart Grid #technology - http://bit.ly/UoGFtl via @Justmeans #energy

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Wednesday, July 30, 2014 - 4:00pm

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We’ve been hearing about the potential wonders of the Smart Grid for several years now. It will save energy, make utility operations more streamlined, support renewables and save money for consumers. All these things are true, and they will be even more important in the years ahead as the impacts of climate change are felt more strongly. But blackouts are happening right now, and they are costing utilities money. That seems to be the primary driver for many power companies to begin investing in technology today.

According to the Energy Information Administration (EIA), power outages cost US businesses $150 billion per year. The number of blackouts has increased 285% since 1984 and their duration, here in the US, is the longest among industrialized countries.

Why is that? There are two reasons. First, there is more power going through our electric grid than ever before. Second, and most important, the grid is getting old.

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RP Siegel, author and inventor, shines a powerful light on numerous environmental and technological topics. He has been published in business and technical journals and has written three books. His third, co-authored with Roger Saillant, is Vapor Trails, an eco-thriller that is being adapted for the big screen. RP is a professional engineer – and a prolific inventor, with 50 patents, numerous awards, and several commercial products. He is president of Rain Mountain LLC and is an active environmental advocate in his hometown of Rochester, N.Y. In addition to Justmeans, he writes for Triple Pundit, ThomasNet News, and Energy Viewpoints, occasionally contributing to Mechanical Engineering, Strategy + Business, and Huffington Post. You can follow RP on Twitter, @RPSiegel.

Keywords: Energy | CenterPoint Energy | DTE Energy | EIA | Edison Electric Institute | Pecan Street | Smart Grid | Smart Grid Insights | Tollgrade

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