Smart grid deployments rank among top utility investments

SUBNET Solutions Inc | Wednesday, December 05, 2012

Utilities have been planning for years to pump more money into their smart grid deployments, and now, a survey has confirmed that this initiative is in fact one of the biggest areas for utility investment across North America.

According to Renew Grid Magazine, municipal and cooperative utilities say their number one concern will be keeping ratepayers happy, but they plan to spend the most money on completing their current smart grid projects. The survey was conducted by communications firm Tantalus.

"This survey demonstrates what we already know from our experience working with public power utilities for more than a decade - that they are dedicated first and foremost to serving their customers with reliable, cost-effective power," said Eric Murray, president and CEO of Tantalus. "By adopting energy-saving applications that keep rates down, utilities not only show their commitment to their customers, but they also invest in a cleaner, smarter grid."

The survey found that of the 40 North American utilities that responded, 44 percent said they plan to spend the most money on completing their existing smart grid projects.

SUBNET has helped many of these power companies increase the speed and efficiency of their smart grid integration phase.

Tags: Substation Automation & Remote Access