Smart grids in the U.S. - statistics & facts
Smart grids are multi-directional networks that monitor, measure, and manage the transport of electricity. With a growing power demand and an aging electricity infrastructure, the implementation of smart grids is crucial to making energy supply more reliable, energy-efficient, and sustainable. The global smart grid market is forecast to surpass 130 billion U.S. dollars by 2028. Smart grids are also an important element for expanding the use of several technologies, including variable renewable energy sources such as wind and solar, and electric vehicle charging stations. In the U.S., noteworthy progress has been made in the deployment of this sector.
Smart meters are a crucial device in the smart grids' infrastructure. They enable utilities to secure revenue collection through accurate reading and energy billing. As of 2021, more than 110 million advanced meters had been installed in the U.S.. Pacific Gas & Electric Co. was the leading advanced meter-supplying utility in the U.S. that year. The California-based company provided almost six billion advanced meters to customers in Northern and Central California by 2021. Southern California Edison Co. followed in a close second, with some 5.3 million meters installed.
Smart grids and metering
In 2022, the Infrastructure Investment and Jobs Act planned to allocate approximately 15 billion U.S. dollars for the resilience of the power grid in the United States. Automation in the sector is expected to be dominated by investments in self-healing energy networks that can remotely identify and fix faulty areas in the system. These capabilities will allow for a reduction in time spent on restoring services during power outages, such as those caused by storms. Integrating distribution automation and sharing infrastructure will help reduce operating costs in the industry.Smart meters are a crucial device in the smart grids' infrastructure. They enable utilities to secure revenue collection through accurate reading and energy billing. As of 2021, more than 110 million advanced meters had been installed in the U.S.. Pacific Gas & Electric Co. was the leading advanced meter-supplying utility in the U.S. that year. The California-based company provided almost six billion advanced meters to customers in Northern and Central California by 2021. Southern California Edison Co. followed in a close second, with some 5.3 million meters installed.
