Quick Take: Do you remember the days when state policymakers considered grid modernization with suspicion? Many of them thought it was a ploy by utilities to get approval to spend more money on unproven technology while shunting the risk onto ratepayers. These days, states are not just allowing modernization, they are demanding it. For instance, read… Keep reading →
The recent Energy Strong settlement between New Jersey regulators and Public Service Electric & Gas (PSE&G), the state’s largest utility, should help reinforce vulnerable energy infrastructure ahead of future severe storms. Last month, the Board of Public Utilities (BPU) agreed that customers could fund $1.2 billion in PSE&G improvements to New Jersey’s electric grid to… Keep reading →
The electric power industry stands on the brink of transformational, perhaps revolutionary, change. For much of its history, the industry has been based on a fundamental operating model: electricity, produced at large central power plants, is carried by long-distance transmission lines and local distribution lines to customers. Thanks to advances in technology and cost reductions… Keep reading →
$8 billion in smart grid stimulus projects is only a fraction of what’s needed to modernize the grid. The approximately $4 billion in Smart Grid Investment Grants that were issued as part of the American Recovery and Reinvestment Act of 2009 was parlayed into nearly $8 billion in grid modernization projects that are still ongoing.… Keep reading →
GE’s Grid IQ Solutions as a Service (SaaS) helps utilities deliver grid modernization technologies, while enabling consumers to use energy more efficiently
Grid modernization projects typically come with a sizable capital-investment requirement and a certain amount of risk when making a long-term technology decision. In addition, there are deployment risks with integrating the disparate software applications associated with delivering the desired level of grid automation. Many small- and mid-market utilities that deliver electric utility services or additional water and gas utility services can benefit from GE’s SaaS offering. Keep reading →
