Ontario government invests $50 million to develop smart grid
SUBNET Solutions Inc | Wednesday, May 04, 2011
In a move that will create jobs and update the country's aging energy infrastructure, the Ontario government plans to invest millions of dollars to develop a smart grid. The electricity networks use digital technology to cut costs and boost energy efficiency.
The Canadian province's government recently announced its intention to spend over C50 million - about $52 million - to implement a smart grid. In a press release, the Ontario government said the investment in smart grid infrastructure will give residents the ability to control appliances and lights in their homes from anywhere at anytime, saving money and cutting greenhouse gas emissions.
The move will help Canada to catch up other countries around like globe, including the U.S. and China, which funnel billions of dollars toward the development of the smart grid every year. Aside from its cost-cutting benefits, the smart grid enables utilities to better monitor energy usage, as well as pinpoint and automatically fix power outages.
The Conference Board of Canada has advocated for continuing investment in the smart grid. According to the government agency, to meet burgeoning energy demands, Canada's electricity sector will require more than $15 billion in investments each year for the next 20 years to replace its rapidly aging electricity infrastructure.
With an increase in the utilization of smart grids in the country, Canada will likely want to increase smart grid security to make sure that they are not jeopardized.
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