presentation on smart grid

SMART GRID

Group 26:

Trang Trieu

Grace Truong

Nicki Tran

Lisa Trinh

WHAT IS SMART GRID?

An intelligent electricity- delivery system: energy suppliers and consumers: interconnect through a

network

Smart meters: are installed at homes and business monitor energy consumption transmit that information back to energy providers

Energy providers : track energy consumption automatically throttle down energy consumption on a granular

level when demand gets too high.

WHO ARE USING SMART GRID?

Individual consumers

Corporate participation

Government regulators

HOW SMART GRID IS USED?

Foster communication between the energy company and the end consumer

Electricity is sent from:

Allows energy companies to track areas of high use, identify possible outages, and provide the proper service.

ADVANTAGES OF SMART GRID

Reduces the cost of blackouts $$$

Helps measure and reduce energy consumption and costs

Helps businesses reduce their carbon footprint

Opens up new opportunities for tech companies meaning more jobs created!!!

DISADVANTAGES OF SMART GRID

Biggest concern: security and privacySmart Grid: use

automated meters, two-way communications: between a power consumer

and provider and advanced sensors

Some types of meters can be hackedHacker:

gain control of thousands, even millions, of meters increase or decrease the demand for power

DISADVANTAGES (cont.)

Not simply a single component

Various technology components: software, the power generators, system integrators,

etc.

Expensive for consumer: $60 per month

WHAT WILL HAPPEN?

Fastest growing business in the Green-Tech market

Was included in Obama’s stimulus bill

U.S. Congress “act without delay”

Very few companies invest and utilize: Austin Energy (Texas) and Pacific Gas & Electric (California)

SMART GRID FUTURE

In the near future, will not be any vast development

Risky because of financial demands and regulations

In the long-run, attitudes will change, wide spread usage of the smart grid from every business to every home just like the Internet