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2011/03/14

Smart Grid Technology for Renewable Energy Integration to Increase - Smart-Grid

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3/14/2011

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March 14, 2011

U.S. Smart Grid Technology for Renewable Energy Integration to Reach $14B by 2015

By TMCnet Special Guest
Jason S. Rodriguez, CEO and Directory of Research for Zpryme

In our recently released report titled, “Renewable Energy and the Smart Grid,” jointly developed by Zpryme and Intelligent Communication Partners (ICP), we explore the challenges and opportunities for companies looking to understand how renewable energy fits into the larger picture of the Smart Grid. As U.S. renewable energy electricity generation is projected to grow from 462 billion kilowatt-hours in 2010 to 649 billion kilowatt-hours in 2015, renewable energy manufacturers, utilities, policy makers and Smart Grid integrators face a daunting challenge to meet federal and state renewable energy targets, and revamp the century old utility infrastructure in the U.S.

 

The report sets out to address the renewable energy landscape for wind, solar, biomass, hydro and geothermal power sources from 2010 to 2015.  Also, the report offers a strategic assessment of each segment, along with a macro level assessment of market trends, opportunities, new business models, and conclusions around paths to success.

Collectively, Zpryme and ICP predict that the renewable energy manufacturing, equipment and technology market value for wind, solar, biomass, hydro and geothermal sources will more than double from 2010 to 2015, reaching $263.2 billion by 2015. Although these are staggering figures, companies operating in the renewable energy market face far more competitive pressures than..Read More>>



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