by Patty Durand
Implementation of a smarter grid can improve system reliability and economic efficiency, while saving customers and the overall energy delivery system billions. The proof is there to be seen.
umerous studies have shown that the United States’ aging grid is in need of large, sustained investments to shore up its flagging reliability. From the World Economic Forum to the U.S. Energy Information Administration, data show the U.S. grid is slipping in terms of power quality and reliability. On any given day the equivalent of 500,000 people in the U.S. are without power for 2 hours or more and those outages cost the U.S. economy around $80 billion annually. Looking beyond the economy, impacts to people can range from the inconvenience of losing air conditioning on a hot summer day to adverse health impacts for those who rely on electricity for critical medical equipment.