Smart Energy for Smart Cities: Smart Grid and Advanced Energy Technologies for Distributed Energy Resources Integration: Global Market Analysis and Forecasts - Reportlinker Review

NEW YORK, Nov. 4, 2015 /PRNewswire/ -- As national governments release their plans to decrease carbon dependency and mitigate and adapt to climate change, city energy policies represent one of the most effective vehicles for meeting these goals. City leaders are assuming a more proactive role in the process of creating energy policies by developing comprehensive energy efficiency and carbon reduction goals. The result has been a number of ambitious energy projects supported by innovations in smart grid technology, demand management, alternative and renewable generation, and distributed energy resources (DER).

For cities and utilities, developing an effective cross-agency smart energy/smart city strategy enables the optimal use of energy resources and reduces redundant investments in infrastructure. Such a strategy also improves the quality of services offered to residential, public sector, and commercial energy users. However, the smart energy for smart cities vision has several economic and technical barriers that inhibit its current development. Alignment between stakeholders is not easily achieved due to the varying business models of cities, utilities, and private stakeholders. Moreover, technology and standards for interoperability are lagging behind the conceptual goals of the smart city. According to Navigant Research, global smart energy for smart cities technology revenue is expected to grow from $7.3 billion in 205 to $20.9 billion in 2024.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/smart-energy-for-smart-cities-smart-grid-and-advanced-energy-technologies-for-distributed-energy-resources-integration-global-market-analysis-and-forecasts---reportlinker-review-300172665.html

SOURCE Reportlinker

[ Back To TMCnet.com's Homepage ]