Developing the Smart Grid: Challenges and Opportunities

June 2010
Renew Grid
Arthur Mitchell

Climate change poses serious risks for the global environment but presents new opportunities as well. Significant economic benefits will accrue as the energy paradigm shifts from a system based on a low cost of carbon and ever-increasing demand for electric power to one of high carbon costs and the need to more efficiently manage energy consumption. The concept of the smart grid, which will combine information technology with tools to manage variable renewable power, demand response and distributed power generation, seems ideally suited to address these issues. But moving from concept to reality is not without challenges.

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