There’s big news in the smart grid industry today. Analyst firm Berg Insight has released a report saying that the number of smart electricity meters in Europe will grow at a compound annual growth rate of 17.9 percent between 2009 and 2015 to reach 111.4 million at the end of the period.
That’s a whole lot of smart electricity meters! The meters give customers a great variety of information about their energy consumption – and therefore, some control over their energy savings.
According to Tobias Ryberg, senior analyst at Berg Insight, “In the past year, EDF, Endesa and Iberdrola – three of the absolutely largest electricity network operators in Europe – have launched large-scale pilots in France and Spain, respectively. Next year, these deployments will evolve into nationwide rollouts in these countries.” He added, “On top of that, the UK’s largest electricity and gas retailer British Gas has launched the first major smart metering project for residential customers in the country. These developments in combination with rollouts in several other European countries will drive strong market growth over the next five years.”
This kind of advancement should come as no surprise – there’s been all kinds of smart grid news lately.
For example, AT&T (News - Alert) recently announced that it has inked a new agreement with Petra Solar, a company combining solar generation and smart grid technology in a single system, in order to integrate Petra Solar’s smart grid and renewable energy technology with AT&T’s wireless network to provide smart grid solar system technology. The joint solution will allow utilities to improve power quality and grid reliability.
And companies like Grid Net and Oracle (News - Alert) support smart grid deployments.Erin Monda is a TMCnet Contributing Editor. To read more of her articles, please visit her columnist page.
Edited by Erin Monda