Smart grid is seen as ideal energy and power solution for the future. One of the main advantages of smart grid is that it enables participation of customers in power generation and also facilitates two way power flow instead of the traditional single directional flow of power. While energy storage and renewable sources have a prominent role to play, they have to be integrated properly to prevent voltage and frequency fluctuation. Development of standards is also a key trending area in the smart grid sector. European research institutes are involved in developing solutions related to control and communications along with their respective standards. Research toward cyber security is also gaining attention from governments and research institutes alike. Asia-Pacific has been actively seeking new strategies to address the ever rising demand for electricity and by means of which, smart grid deployment has moved into the spotlight. The smart grid market has had an encouraging start with the deregulation of the Japan electricity market, deployment of smart meters in South Korea, installation of advanced metering infrastructure (AMI) in Philippines, home energy management systems in Singapore, and smart grid test-beds in Thailand.
The Energy and Power Systems (EPS) TechVision Opportunity Engine (TOE) provides insights on the latest advances in the broad range of technology related to the energy industry. The topics regularly presented range from energy storage technologies (batteries, fuel cells, flywheels and other advanced energy storage devices) to non-renewable energy such as oil and gas. Special emphasis is given to emerging areas in the renewable sector such as photovoltaics, wind energy, and geothermal energy, and emerging alternative fuels such as hydrogen, syngas, ethanol and biofuels. The EPS TOE keeps clients abreast of the latest R&D developments at major corporate and academic research centers, provides competitor intelligence and helps create strategic alliances.
The Energy and Environment cluster provides global insights and intelligence on a wide variety of disruptive emerging technologies and platforms ranging from energy storage, advanced batteries, solar and wind energy, to unconventional oil, bioenergy, geothermal energy, and energy transmission.
Keywords: Smart grids, Europe, APAC, cyber security, microgrid, smart meter, advanced metering infrastructure, AMI, renewable sources, renewable integration