See on Scoop.it – Green Energy Technologies & Development
President Obama’s inaugural address listed climate change and renewable energy as among his top priorities in his second term. But one of the most critical means by which to achieve those goals was never mentioned: the smart grid.
[…] Collaboration is instrumental, although Yeager warns that some interests can deflect progress because they are unable to set aside their agendas.
“We have to change policies to enable innovation,” he previously told this writer. “Utilities will not do this by themselves. They will want more power sources and to make more money. They have no incentive to empower consumers. Until the incentives for utilities change, they will block the door and the public utility commissions will keep the status quo.”
Yeager likened it to the days before telecommunications reform: Innovation will remain pent up in a regulatory model that has no motivation to change. And nothing will happen unless regulators force utilities to adopt those smart grid technologies. …
[…] Whereas energy conservation has typically been a back-burner subject, today it is up front. That awareness in combination with a difficult economy means that people will continue to search out ways to cut energy consumption, and costs.
“It will get there, but the smart grid really is still being defined,” says Nosbaum, […]
The smart grid supports the Obama’s administration’s green initiatives. As such, the president allocated $4.5 billion in the 2009 stimulus plan to various projects. […]
Over time, DNV KEMA says that a total of $16 billion in incentives will be targeted to the smart grid. That, in turn, will multiply and create a total of $64 billion in projects tied to the efficient production, transport and use of energy. The consultancy adds that such investments will produce 280,000 new jobs.
See on www.forbes.com