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Top trends driving adoption of smart grid

Top trends driving adoption of smart grid:

High oil prices
Oil prices are over $80/barrel. At high oil prices, renewable energy source becomes price competitive with non-renewable sources - oil, coal and natural gas. Smart grid is needed to increase efficiency of existing sources and incorporate new sources to the exisiting grid.

Security Issues
Oil particulary is imported and many countries including US depend on foreign import for their energy needs which may conflict with their foreign policy.

Environment and global warming
With the clean energy movement in the last couple of years is also driving the trend to find new sources of energy and make existing sources clean and more efficient.

Sources: To be added

Date posted: 2010/02/24

URL - Top trends driving adoption of smart grid

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