SMART GRIDS
" Using innovation and technology to improve our grid will help decrease the demand on it and reduce greenhouse gas emissions . Our government will continue to support projects like this that advance a low-emissions energy future "
JIM CARR MEMBER OF PARLIAMENT FOR
WINNIPEG SOUTH CENTRE AND SPECIAL REPRESENTATIVE FOR THE PRAIRIES
called on the Commission to develop a new comprehensive EU energy storage strategy which could create new market incentives and help accelerate recovery .
Planning key to grid modernization Although there are many benefits of smart grids , there are also drawbacks and preparations that need to be made . Replacing the existing electrical grid can be extremely expensive and time consuming , also using the internet to provide real time grid data increases the risk of privacy and security breaches .
McKinsey found that sufficient planning was key to grid modernization . “ Developing an appropriate modernization plan is difficult and will inevitably be an iterative process . Utilities should start by clearly defining their goals and embedding disciplined , rigorous investmentplanning processes that are aligned to those goals . Only through these processes can they mitigate the risk of misdirected investments and make real progress toward building the best possible grid of the future — for both themselves and their customers .”
The energy sector has an exciting future ahead but remains extremely complex with new innovations appearing , as time goes on hopefully all technology will develop so that the industry can run smoothly .
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