Enabling Technologies for the Smart Grid By BCC Research

1. Enabling Technologies for the Smart Grid
BCC Research
Report Highlight

2. Enabling Technologies for the Smart Grid
This report provides:
An overview of the US market for smart grid, with coverage of the evolution and inspiration
through biomimetics and bioinspired designs.
Analyses of US market trends, with data from 2012, estimates for 2013 and projections of
compound annual growth rates (CAGRs) through 2018.
Discussion of techniques, and properties such as two-way integrated communications, sensing and
measurement, advanced components.
Examination of advanced control that enables rapid diagnosis of and precise solutions to specific
grid disruptions or outages.
Summary of results of targeted interviews with producers and users of smart grid technologies.

3. Enabling Technologies for the Smart Grid
STUDY BACKGROUND
The century-old U.S. electrical grid has been called the largest interconnected machine on earth. It consists of
more than 9,200 electric-generating units with more than 1,000,000 MW of generating capacity, connected to
more than 300,000 miles of transmission lines. Several years ago, the U.S. National Academy of Engineering voted
the national electrification made possible by this grid as the “most significant engineering achievement of the
20th century.”
However, the grid is showing its age. There have been massive blackouts in recent years, including the 2003
Northeast blackout, the worst in the nation’s history. Although it was accidental, the 2003 blackout was a
reminder of the grid’s vulnerability to terrorist attack. And this blackout was foreshadowed by a troubling trend:
According to the Department of Energy, 41% more outages affected 50,000 or more consumers in the second half
of the 1990s than in the first half of the decade. The “average” outage affected 15% more consumers from 1996
to 2000 than from 1991 to 1995 (409,854 versus 355,204).
Regular power outages and blackouts cost the U.S. economy between $80 billion and $188 billion annually,
according to a recent University of Minnesota study. The figure reflects only direct losses to the economy, and
does not take into account the inconvenience and frustration experienced by users during a power outage.

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