NRG Expert’s latest energy market research report on Smart Grids reveals how the introduction of smart grids has the ability to reduce CO2 emissions worldwide.
Current power generation causes 25.9% of global carbon emissions. However if the current inefficient grids are replaced with more efficient smart grids, then unnecessary CO2 emissions could be dramatically reduced.
Smart grids have been proven to reduce energy losses, and integrate renewable energy more effectively. Increasing the use of smart grids in our energy infrastructure, can therefore play a significant role in helping to reach carbon reduction targets. The IEA estimates that the deployment of a smart grid can result in a 0.9 to 2.2 gigatonne reduction in CO2 emissions by 2050.
Free Smart Grid Data is available on the Annual demand for Smart Meters and Smart Grid Systems for Europe on our ‘Data of the Month’ page until 15 December 2012.
Key Smart Grid Factors which reduce CO2 emissions
> Introducing renewable energy capacities of 20% by 2020, will inevitably reduce carbon dioxide emissions.
> Replacing inefficient grids with smart grids can reduce energy losses.
> Smart grids enable two-way communication between the customer and utility company which enables optimal energy use and less wastage.
With a smart grid, energy usage can be relayed back to the utility company, in real time. This can help the utility companies to manage energy demands at peak times. Currently these energy peaks require high carbon dioxide polluting fossil fuels to meet demand. If the energy supply could be evened out and use energy stored previously, then less polluting fossil fuels will be needed and more renewable energy can be used.
Renewable energy sources can then be balanced with the more stable sources of energy such as coal, gas, oil and nuclear. Increased use of renewable energy can then help reduce overall emissions.
Top Smart Grid Companies
> Landis+Gyr
> Elster
> Sensus
> GE
> Cisco
These companies have formed important strategic agreements with other players in the smart grid network. Most of the major players are involved in projects to reduce CO2 emissions.
Top Smart Grid Countries to Watch
> USA – Reducing energy consumption, CO2 emissions and peak energy demand are key drivers for large-scale smart meter deployment. No company has yet to take dominance in the market.
> Japan – Manufactures in Japan are developing local and overseas projects to gain a foothold on the smart grid market.
> China – GE and IBM are early runners in this market, however China favours local suppliers and manufacturers.
The smart grid has been put forward as the panacea for solving all problems with the current electricity grid system. Many countries have high omission targets to reach and smart grids provide them with a tool to reduce their carbon emissions and significantly reduce penalties under carbon emission reduction schemes. Many countries are therefore investing heavily in smart grid technology. To obtain key data on smart meters and grid systems visit our website.
