GridWise outlines benefits of optimized electric grid

Washington, February 21, 2012 — The GridWise Alliance, a coalition advocating for the optimization of the nation's electric system, released a report detailing the current state of the nation's power grid and quantifying the benefits of a modernized electric system.

The report, "Realizing the Value of an Optimized Electric Grid," written by Quanta Technology in conjunction with the GridWise Alliance Implementation Work Group, identifies direct benefits to grid operations in five separate categories including: Grid reliability and security; customer energy management opportunity; asset and resource optimization; health, safety and environment; and productivity and economic growth.

"The electric industry continues to move forward with grid modernization programs," said James W. Morozzi, President and CEO, GridWise Alliance. "Grid modernization is imperative in the U.S. Our economy and quality of life depends on a robust, optimized and modernized electric grid. This is an important time as decision makers look for data from completed projects to ensure that their upcoming initiatives are deployed efficiently and effectively. This report aims to provide those making decisions with real examples of positive grid transformations occurring around the nation."

The report collected data from interviews with GridWise Alliance members, state regulators, and several utilities, as well as encompassing analysis of recent smart grid reports. Key findings focused on how grid initiatives are leading to improvements in electric reliability, energy savings and customer engagement as well as other benefits.

Detailed case studies highlighting these improvements were collected through interviews with Southern California Edison, Pacific & Gas and Electric, Oklahoma Gas & Electric and others.

While modernization efforts continue to produce positive results, several challenges to a successful and complete optimization of our nation's electric grid were identified as: Technology readiness; market readiness and risks; realization of potential benefits; impacts of financial support; and customer engagement.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs