Term Paper: Emerging Smart Grid

Pages: 2 (720 words)  ·  Bibliography Sources: 1+  ·  Level: Master's  ·  Topic: Energy  ·  Buy for $19.77

SAMPLE EXCERPT:

[. . .] Globalization is changing how humans live at a very rapid, and sometimes unpredictable, rate. This is particularly true when it comes to the expectations people have about using power -- everything technological needs a power supply, and the more these devices and technologies become part of society, the more power will be needed. If power is to be distributed fairly and inexpensively, then, the manner in which it is structured, delivered, and distributed must also evolve and become even more cost effective.

To manage this more effectively, research and development must aggressively continue. The future of not just the nation, but the planet, is at stake. National and competitive boundaries must be reduced or removed, and standards that will save billions of dollars should be solidified before it becomes too expensive to do so. For instance, the IntelliGrid, created by the Electric Power Research Institute, combines public and private stakeholders to integrate and optimize global efforts and technical information so that standards may adhere between countries, the architecture does not need to be reinvented each time, and applications can be distributed easier (EPRI, 2012). We know that the U.S. smart grid market is expected to reach almost $50 billion by 2015, and world markets even more and even faster. Investing in the smart grid limits electrical power down to the residential area, and becomes a small-scale network that can be more easily managed and developed. Private investors should receive incentives from governments the world wide to help defray this initial investment, and move into a truly global economic strategy, using grid technology to define and maintain a series of global grids so that there is rarely an outage that can affect millions. Placing regional and state bonds to help utilities expand, providing governmental initiatives, and keeping barriers to entry low will only provide further incentives for job creation, energy security, and sustainable electricity (Mazza, 2005).

REFERENCES

EPRI. (2012). Smart Grid Resource Center. Electric Power Research Institute. Retrieved from:

http://smartgrid.epri.com/

Mazza, P. (2005). Power Up the Smart Grid. Climate Solutions. Retrieved from:

http://fortress.wa.gov/wutc/home/webdocs.nsf/de53b07997d108ea882563b50072c5b3/bc3ced6bb5f4cf29882570200083aaa3 [END OF PREVIEW]

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Emerging Smart Grid.  (2012, October 11).  Retrieved November 15, 2019, from https://www.essaytown.com/subjects/paper/emerging-smart-grid/2100818

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"Emerging Smart Grid."  Essaytown.com.  October 11, 2012.  Accessed November 15, 2019.
https://www.essaytown.com/subjects/paper/emerging-smart-grid/2100818.