Growing demand for smart grids and renewable energy in Australia
There is a growing need to smoothly integrate such production of renewable energy, to incorporate environmentally friendly electric vehicles, and to manage varying peak demand spikes.
Government Policies Fuel Demand for Smart Electricity Grids in Australia, Transmission and Distribution, Dec 14, 201 Frost & Sullivan Government policies and the need for utilities to expedite operational efficiency have unleashed new opportunities in the Australian smart grid market.
Utilities aspire to reach better operational efficiency as they upgrade their electricity grids to incorporate renewable energy sources, while reducing unnecessary capital expenditure. Establishing a smart grid provides the most promising solution.
A shift toward renewable energy sources, such as wind power, can result in inconsistent production of energy. There is a growing need to smoothly integrate such production of renewable energy, to incorporate environmentally friendly electric vehicles, and to manage varying peak demand spikes. Government mandates for smart meter rollouts and pilot projects in various states have driven up momentum for investments in the Australian smart grid market.
New analysis from Frost & Sullivan, “Australia Smart Grid Opportunity-Utility Survey“, finds that the cumulative market is expected to be $383.1 million in 2010 and estimates this to reach $6.13 billion in 2015……
Government Policies Fuel Demand for Smart Electricity Grids in Australia
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