March 1, 2012 3 Comments
BSRIA WMI has just completed a major research study for the Continental Automated Buildings Association (CABA); an international industry association based in North America, dedicated to the advancement of intelligent homes and intelligent buildings technologies. The study was sponsored by 29 CABA member companies which included a broad mix of disciplines, from building management systems providers to electricity utilities.
What are Smart Grids?
The study, entitled “Smart Grid Impact on Intelligent Buildings” estimates that the North American smart grid non-residential marketplace was worth approximately $6.6 billion in 2011 and should reach $8 billion by 2013.
The smart grid will be an advanced power grid that adds and integrates many varieties of digital computing and communication technologies and services to the power-delivery infrastructure. It will allow bi-directional flows of energy, for example from renewable energy sources, and two-way communication and control capabilities.
The smart grid will benefit utilities in a multitude of ways, most importantly helping them to flatten the demand curve, which will result in increased grid stability and reliability, but also to help reduce the need for expensive standby generating capacity. At the same time, it will empower end-customers, allowing them to save on energy costs and buy at optimal times of the day when prices are lower.
The study found that the fastest growing components of the smart grid market are grid applications, followed by demand response and peak load management, building energy management systems, and smart meters. Whilst only a small proportion of building management systems are ready to be connected to the smart grid today, the study noted that smart grid development will become a major driver for the development and deployment of more intelligent building technologies.
The study emphasizes the need for innovative solutions to enhance the efficiency and effectiveness of power generation, transmission and consumption capacity. Intelligent buildings are prime examples of innovative technology that will aid in the deployment of new smart grid infrastructure.
More utilities are now modernizing their infrastructure to make their grids “smart” in order to improve the efficiency, reliability, economics and sustainability of the electricity services delivered to both residential and non-residential building owners. The research found that there is a direct correlation between having a smart grid and attracting more customers and that in time, it will be this that helps to enhance the overall attractiveness of an area for business.
The study is currently under embargo but will be available for purchase by any interested companies from June 2012.