THE FUTURE OF CITIES

Smart Energy for Smart Cities; Smart Grid and Advanced Energy Technologies for Distributed Energy Resources Integration: Global Market Analysis and Forecasts

4Q 2015 (Navigant Research)

“…[C]ity energy policies represent one of the most effective vehicles for meeting [national plans to decrease carbon dependency and mitigate and adapt to climate change]…City leaders are assuming a more proactive role…The result has been a number of ambitious energy projects supported by innovations in smart grid technology, demand management, alternative and renewable generation, and distributed energy resources (DER)…[D]eveloping an effective cross-agency smart energy/smart city strategy enables the optimal use of energy resources…reduces redundant investments in infrastructure…[and] improves the quality of services offered…[E]conomic and technical barriers that inhibit [development include getting to alignment between] the varying business models of cities, utilities, and private stakeholders…[T]echnology and standards for interoperability are lagging behind the conceptual goals of the smart city. According to Navigant Research, global smart energy for smart cities technology revenue is expected to grow from $7.3 billion in 2015 to $20.9 billion in 2024…” click here for more

click to enlarge

Tweet