Interesting panel with some great insights on the current challenges and future opportunities for the smart grid. Amazing how much money can be saved by taking advantage of EVs to absorb more renewable energy, reducing costs for both consumers and utility providers.
Great insights from industry experts, from regulators, to local distribution utilities, and hardware developers and smart software providers coming together to explain how the optimization of grid storage including EVs can make grid more resilient in a cost effective manner
Very insightful summit, and it is also very timely. With Bloomberg's forecast of ~48M EVs on the ground by 2027, that is also only in the USA, Canada, and Europe we need to start preparing as early as possible to smartly manage these assets to the grid.
It's exciting to see institutions like local distribution companies open up to new technologies. I recall working for one a few years ago, and when I was in their record vault, and I found a substation diagram from 1911. It didn't look too different from what was on the screens of the engineers hard at work designing new substations upstairs. All of this is simply to say changes to mature technology don't come around often, and when they do, it's a big deal :)
Very cool to hear how batteries are treated as both generators and loads, and what that means for the cost of hookup, and how those costs are being addressed.
Meanwhile, almost one-quarter of 2022 power outages occurred in California. This state also came in first for the most power outages in the last 20 years: 2,684. Unfortunately, California blackouts have increased over the past several years, driven by rising electricity demand, grid vulnerabilities, and wildfire risks. The total number of outages in 2024 is 34 to date, with 414 hours of outage.
Interesting panel with some great insights on the current challenges and future opportunities for the smart grid. Amazing how much money can be saved by taking advantage of EVs to absorb more renewable energy, reducing costs for both consumers and utility providers.
Great insights from industry experts, from regulators, to local distribution utilities, and hardware developers and smart software providers coming together to explain how the optimization of grid storage including EVs can make grid more resilient in a cost effective manner
Very insightful summit, and it is also very timely. With Bloomberg's forecast of ~48M EVs on the ground by 2027, that is also only in the USA, Canada, and Europe we need to start preparing as early as possible to smartly manage these assets to the grid.
It's exciting to see institutions like local distribution companies open up to new technologies. I recall working for one a few years ago, and when I was in their record vault, and I found a substation diagram from 1911. It didn't look too different from what was on the screens of the engineers hard at work designing new substations upstairs. All of this is simply to say changes to mature technology don't come around often, and when they do, it's a big deal :)
Very cool to hear how batteries are treated as both generators and loads, and what that means for the cost of hookup, and how those costs are being addressed.
Meanwhile, almost one-quarter of 2022 power outages occurred in California. This state also came in first for the most power outages in the last 20 years: 2,684. Unfortunately, California blackouts have increased over the past several years, driven by rising electricity demand, grid vulnerabilities, and wildfire risks. The total number of outages in 2024 is 34 to date, with 414 hours of outage.