ResearchMoz.us includes new market research report " Smart Energy and M2M Market in Australia: Global Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.
Albany, NY -- (SBWIRE) -- 03/31/2015 -- By making the electricity grid 'intelligent' and adding telecoms to it, the power will eventually move away from the electricity companies and be directed towards the customers, who will be able to control their energy consumption through sensors, M2M devices, and the internet of things (IoT). Europe and North America are rated as the most advanced adopters of smart grid and smart metering technology, but the market is expected to shift increasingly towards Asia and the developing world.
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'Smart' means communication, and since many countries are currently addressing their broadband networks it would be a clever move to roll out fast broadband infrastructure in combination with smart grids and, wherever applicable, other smart infrastructure. In that way, energy efficiency measures can be implemented throughout society and throughout the economy (buildings, transport, cities) with a minimum of extra infrastructure, as a trans-sector approach is based on sharing the infrastructure.
Unfortunately, one of the major obstacles to smart grid uptake continues to be the lack of good government policies. With all the knowledge we now have, it would almost amount to a criminal offence if this generation were to allow vested interests to prevent us from developing trans-sector policies and holistic initiatives to address energy and environmental concerns. We need to break down those silos and force cooperation between the sectors wherever possible.
The past five years have seen confusion, resistance and the lack of a strategic approach towards a holistic policy aimed at creating a smarter energy structure that could reduce energy usage by 30%-40% without having a major impact on people's lifestyle, just by being smarter. But all of the electricity companies in Australia are now involved in the implementation of smart grids – a process that will take a decade, or perhaps several decades, to complete.
In the future some $200 billion will be invested overall in the national energy structure (not just smart grids). The first results from projects such as Smart Grid, Smart City indicate that the results greatly exceed expectations; the same applies to companies involved in the smart meter rollout in Victoria. However a holistic government policy continues to be the key to success, rather than the current hodgepodge of policies. Energy is heavily influenced by government regulations and unless these are sorted out it will be difficult for the industry to develop cohesive strategies that will see a more comprehensive approach towards a smarter energy system for the country.
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The Smart Grid, Smart City (SGSC) project, which ran from 2010 to 2013 in Newcastle and Sydney CBD areas, was funded by a $100 million injection from the federal government and around $390 million 'in kind' or otherwise from the project's other contributors, which included entities such as Ausgrid, Energy Australia, IBM Australia, the CSIRO and several local councils.
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