The energy industry’s demand-response system is in dire need of an overhaul. Insufficient monitoring abilities leave major New York City energy suppliers scrambling every summer to meet high energy demands. The growing necessity for an intelligent grid emerges in light of recent devastating power outages, such as caused by Hurricane Sandy, which affected millions of people in the Tristate Area. The issue of aging infrastructures across the U.S. and Germany must also be addressed to effectively move towards increased renewable energy usage.
During this transition, Smart Grid technology offers the unique capacity for utility-user interactivity, an exciting prospect that would influence consumer behavior by providing heightened consumer control. Smart Grid has the potential to propel the energy industry forward, offering increased reliability, availability, and efficiency amidst growing 21st century energy demand.
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