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Technology, Investment Needed for
21st Century Electrical Grid, Experts Say
By Greg Parks
Public Policy
Technological innovation and capital investment are the two most important elements in modernizing an electrical grid built for a different era, according to experts at an energy summit held late last month at the University of San
Diego.
More than 100 leaders in the energy field turned out for the San Diego Smart Grid Summit, which was hosted by the Energy Policy Initiatives Center (EPIC), in cooperation with the U.S. Department of Energy's Modern Grid Initiative.
The conference provided an overview of the Smart Grid concept and how it could advance the statewide Energy Action Plan and the Regional Energy Strategy, as well as act as a source of economic development both regionally and
nationally.
Attendees at the conference, which was sponsored by SAIC, SDG&E and IBM, included a wide variety of energy policy professionals, engineers, utility executives, local elected officials, regulators and consumer groups.
Steve Pullins of SAIC presented the findings of EPIC's smart grid study, which concluded that utility customers and San Diego Gas & Electric could reap billions of dollars in benefits over the next two decades by modernizing the regional
electricity grid. The study found that an investment of about $500 million in technology for the grid would yield up to $3 billion in benefits, including reduced costs, greater security, environmental gains and fewer blackouts. The
benefits would be split equally between the utility and its customers, the study said.
Pullins noted there's a significant underinvestment in energy transmission compared with the investment in energy generation, and he said that transmission problems spiraled when generation additions outdistanced transmission additions. He
also pointed out that almost no capital is invested on the distribution and consumption elements of energy, which have the greatest effect on utility customers.
Jesse Berst of Global Smart Energy argued in the day one keynote address that the existing grid is "in trouble" after 30 years of neglect. He said that the current grid is underfunded and faces $50 billion to $100 billion in deferred
maintenance costs over the next 10 years. Berst recommended increasing funding in the Research and Development field in the electric industry as a solution to this dilemma. He emphasized the need to attract private-sector capital and
entrepreneurial energy to successfully innovate out of a potential cost crisis.
Read the
rest of the story.
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18th Annual Business Expo
The Largest Prospecting Event of the Year
Brought to you by Union Bank of California.
Meet face to face with hundreds of potential customers. More than 1,000 attendees are expected, not to mention 150 companies exhibiting. This is an opportunity to generate business-to-business and/or business-to-consumer leads.
Where: Town and Country Resort & Convention Center
500 Hotel Circle North, Mission Valley
When: Tuesday, Nov. 7
11 a.m. – 5 p.m.
Cost:
Admission free for attendees
Sponsored by:
Enlace, Herr Photography, Office Depot, The San Diego Union-Tribune, SignOnSanDiego.com, Town and Country Resort and Convention Center, US Bank, Viejas Enterprises, Westland Insurance Brokers and Yellow Book.
For more information visit www.sdchamber.org
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