Menu

M2M FEATURE NEWS

Northeastern U.S. Heat Wave a Signal For the Nation to Invest in Smart Grid Technologies

By Raja Singh Chaudhary July 12, 2010
With most of the North-Eastern parts of the United States facing a severe heat wave, a grid expert from GE has underlined the fact that in order to combat this environmental crisis, the country has to invest in smart grid technologies on priority.
In the words of Bob Gilligan, vice president, digital energy business at GE, as record-breaking temperatures in the northeastern United States have consumers turning up their air conditioners, GE's overburdened electric grid is taking center stage. Gilligan continued that the heat wave is causing spikes in power demand, increasing the probability of service disruptions that provides an example of the demand levels the grid can expect to see in the future as penetration of electric heating and cooling continue to expand, and as new demands like plug-in electric vehicles enter the market.
By investing in smart grid technologies, utilities can be empowered to better manage fluctuating consumer demand and keep the AC on without adding more generation and transmission capacity, and although some people have expressed concern about the cost of smart grid investments, electric power outages and blackouts cost the nation about $80 billion annually.
Gilligan noted that additionally, the cost involved in generating a kilowatt-hour of electricity is much more than the cost of saving a kWh through adding intelligence to the grid and improving energy efficiency. Hence, if implemented the right way, smart grid technologies can not only help keep the air conditioners of the U.S. citizens on, but can also help lessen their dependence on fossil fuels, lower CO2 emissions and empower consumers to make smarter energy choices, which will positively impact the energy stability of the United States, Gilligan added.
On its part, GE develops and deploys the technology that helps make efficient use of natural resources, and GE Energy, equipped with a strong workforce of around 85,000 global employees and 2009 revenues of $37 billion, offers power generation and energy delivery technologies to a number of clients worldwide. GE Energy contains three different businesses, named GE Power & Water, GE Energy Services and GE Oil & Gas, which work seamlessly to offer integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy apart from the renewable resources such as water, wind, solar and biogas.

Raja Singh Chaudhary is a contributing editor for IoTevolutionworld. To read more of Raja's articles, please visit his columnist page.

Edited by Erin Monda

IoTevolutionworld Contributor

SHARE THIS ARTICLE
Related Articles

SuperCom to Deliver IoT to South America for Asset Tracking

By: Ken Briodagh    2/5/2016

A key provision under several final Food Safety Modernization Act (FSMA) Rules is the idea that better tracking for food products will uncover the sou…

Read More

MultiTech and WaterBit Use IoT to Manage Agricultural Data

By: Ken Briodagh    2/5/2016

MultiTech Systems, a manufacturer of M2M and IoT devices, has announced a field trial with WaterBit, an agricultural services provider based in Sunnyv…

Read More

Greenwave Systems Gets a Financial Boost

By: Chrissie Cluney    2/2/2016

Greenwave Systems has raised a total of $60 million in its Series C financing round in two phases.

Read More

HotChange: Advancing the Medical Field Forward

By: Chrissie Cluney    2/1/2016

PNMsoft and Amedar Consulting Group have introduced and began to integrate a Business Process Management solution called HotChange.

Read More

Terex Selects ORBCOMM for Heavy Equipment Telematics

By: Ken Briodagh    1/28/2016

Terex Materials Processing, a business segment of Terex Corporation, has selected ORBCOMM, a global provider of M2M and IoT solutions, to deliver a cu…

Read More