in News Departments > New & Noteworthy
print the content item

comments: 0

The market for smart grid technologies that help integrate renewable energy sources will grow from $3.8 billion this year to just under $13 billion in 2018, finds a new study by Pike Research.

However, the time horizons for the widespread commercialization of these technologies vary widely, the report notes. Demand response, for example, has been offered in some forms by utilities and grid operators for many decades, while clear business models for advanced energy storage have yet to be demonstrated.

While larger investments are flowing toward renewables integration at the transmission-level of power service, most of these technologies - such as high-voltage direct current lines - do not qualify as part of the smart grid, Pike Research says, adding that today, distribution-level smart grid technologies, such as microgrids, clearly lead this market.

“For all the talk of the challenges of bringing increasing amounts of distributed, renewable energy sources onto the power grid, in reality, there is no consensus on the exact effects of renewables integration on grid operations,” says senior research analyst Peter Asmus.

“What we do know is that the fundamental architecture of today’s electricity grid - based on the idea of a top-down system predicated on unidirectional energy flows - is becoming obsolete, and is unsuited for the increasing diversity and variability of power generation,” he adds.


Solar Careers
Latest Top Stories

N.Y. Property Tax Exemption For Renewables Bill Ready For Signature

In a move that is expected to boost renewable energy in the state, the New York legislature has sent Gov. Andrew Cuomo a bill that would extend property tax exemptions for certain solar, wind and biomass projects to Jan. 1, 2025.


Are Solar Shingles Coming To A Rooftop Near You?

Despite the initial hype, the new technology has been slow to make inroads against conventional rooftop solar.


Solar Cell Production Line Upgrades Driving Higher PV Performance

Manufacturers of multicrystalline solar cells are seeking to improve performance by implementing new technologies on existing lines.


Own Or Lease? Think Of Rooftop Solar As A Car That Makes Money

While upfront cost is often the first issue on the prospective solar customer's mind, it should not be the only one.


Minnesota PUC Passes On Value Of Solar, But Likely Not For Long

On Aug. 7, the Minnesota Public Utilities Commission (PUC) accepted Xcel's proposal to put off a value of solar tariff for its community solar garden program for now. But experts expect a rapid return.

S&C Electric_id1352
PVcobra_id1394
WIP_id1320