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The Smart Grid Vision Mark Armentrout President, Texas Institute www.texasinstitute.org

The Smart Grid Vision Mark Armentrout President, Texas Institute www.texasinstitute.org. Where’s the Money?. Smart Grid benefits to reach $130 Bln annually in 10 years, in the US alone – McKinsey

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The Smart Grid Vision Mark Armentrout President, Texas Institute www.texasinstitute.org

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  1. The Smart Grid Vision Mark Armentrout President, Texas Institute www.texasinstitute.org

  2. Where’s the Money? • Smart Grid benefits to reach $130 Bln annually in 10 years, in the US alone – McKinsey • Revenue from Smart Grid infrastructure to grow from $10 Bln to $35 Bln by 2013 - Pike Research • Communications market to grow from $2.2 Bln to $4.9 Bln by 2016 – Pike Research • Etc., Etc., Etc.

  3. The Internet Had Its PrognosticationsA History Lesson • Sputnik spurs US to create DARPA in 1958 • TCP develops in the 1960’s • IP develops in the 1970’s making TCP/IP • The National Labs connect • LANs develop in the 1980’s • WWW released 1991 @ CERN • First web browser, Mosaic, 1993 @ Univ. of Illinois Urbana • Netscape 1.0 released in 1994 • With all of this, aided by an explosion of bandwidth by 1997, insanity set in and many companies believed their own commercials

  4. What Happened? Year 2000 for Internet Investments Is this our smart grid future?

  5. How Smart Can the Grid Get?The Infancy Conundrum • My grid is smarter than your grid. • My grid will grow up to be one smart grid. • Who signs the smart grid’s report card? • Why hurry when smart grids procrastinate? • Can two smart grids play together?

  6. Definition of Smart Grid • A Smart Grid is one that incorporates information and communications technology into every aspect of electricity generation, delivery and consumption in order to: • Minimize environmental impact • Enhance markets • Improve reliability and service • Reduce costs and improve efficiency Source: EPRI

  7. Smart Grid Vision Source: EPRI

  8. Smart Grid Interoperability Standards • NIST • ZigBee Alliance • NAESB • GRIDWISE • IEC • ISO • ESNA • MultiSpeak • UCA International Users Group • LonMark International • INL • EPRI • IEEE • WiMAX • WiFi • OASIS Who will do the real work of setting Smart Grid interoperability standards? The Market will. (Over and above NERC Standards, of course.)

  9. Smart Grid Applications Samples • Consumer-less Applications • Distribution Management Systems • Grid Optimization • Expanded Command and Control • Asset Management • Security • Renewables Integration • Distributed Generation Optimization

  10. Smart Grid Applications Samples II • Consumer Applications • Automated Control over IP • Home Area Networking • Demand Response • Creative Pricing • Expansion of Customer Choice of Providers • Industry Centric Applications • Electric Vehicle Integration • Distributed and communal generation and storage

  11. Does History Repeat Itself • Will there be poorly managed failure legs by many companies? • Is there hype in the industry media about smart grid spending? • Are there overstatements about cyber security risk of our nations bulk power system? • Is there information technology industry money chasing dreams that will never manifest itself? The answer to all of the above questions is absolutely. Will we have an industry crash in 3 to 5 years. Most likely not. But during the gold rush of 1849, the people who made the most money were the people selling Levis and pans, not the gold diggers.

  12. Thank YouMarkArmentrout@TexasInstitute.org www.texasinstitute.org

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