Ohio invests in substations in smart grid investment
SUBNET Solutions Inc | Wednesday, May 25, 2011
In Ohio, state policymakers have endeavored to invest in the development of the smart grid, affirming it has the ability to greatly reduce power disruptions and can improve energy efficiency. Recently, substations and other parts of the state's aging electrical grid were targeted for upgrades, according to a recently published report.
According to a report in Crain's Cleveland Business, Ohio state utilities are projected to pour millions of dollars into the development of the smart grid over the coming decade as the state looks to transform its electricity supply. Many utilities see demand increasing for smart grid technologies, according to the news source, and they're looking to capitalize on that uptick in interest among consumers.
To invest in the smart grid, a number of utilities are working to develop substations and other electricity transmission lines. According to industry watchers, the development of the smart grid - especially the transmission of electricity - would allow utilities to better monitor the smart grid, minimizing the number of power disruptions and improving energy efficiency.
Smart grid investment is projected to soar by 2020. A study by Pike Research found that investment in smart grid technologies could jump to $35 billion by 2013, soaring from $10.5 billion in 2009.
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