A collection of nine Japanese technology and energy companies came together recently to inaugurate a new joint project with the U.S. to help develop smart grid technology.
Pulled together by the Japan-U.S. Collaborative Smart Grid Demonstration Project, these nine companies joined with the city of Albuquerque, New Mexico, the Public Service Company of New Mexico and several U.S. research institutions to institute a new test study for the smart grid.
The study will implement a variety of smart grid technologies into a large 75,000 square foot building, including its own microgrid, designed to provide power locally. The building is also equipped with a major solar power installation, a gas-fired generator, fuel cells and a battery.
The test will examine how these different technologies, combined with greater information and control provided to the local utility, could help ease strains on the transmission and distribution system.
A new report from GTM Research suggests that the market for smart grid technology in Asia is set to grow to $19 billion 2016, with Japan one of the primary focuses.