Smart grids in the U.S. - statistics & facts
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The rapid expansion of utilities and data centers in the U.S. presents new challenges for smart grid networks. As investments in electricity networks continue to rise, global power grid spending is forecast to shift significantly by 2050, with the Asia Pacific region emerging as the dominate player. An increasingly important element of smart grids is for expanding the use of several technologies, including variable renewable energy sources such as wind and solar, and electric vehicle charging stations. Technologies such as smart meters, which function as multi-directional networks capable of monitoring, measuring, and managing electricity transport, are seen as valuable investments for integrating these technologies into a broader network.
Smart meters are a crucial device in smart grid infrastructure. They enable utilities to secure revenue collection through accurate reading and energy billing. As of 2023, almost 128 million advanced meters had been installed in the U.S.. Florida-based utilities company Florida Power & Light Co was the leading advanced meter-supplying utility in the U.S., providing almost six million advanced meters to customers that year. Southern California Edison Co. followed in a close second, with some 5.7 million meters installed.
Smart grid technology driving U.S. investment
In the United States, a key player in the Americas, smart grid technology is attracting substantial investment. By 2024, investment on smart grid devices and systems, including advanced metering infrastructure, is forecast to reach 6.4 billion U.S. dollars. This trend aligns with the broader shift towards more efficient and responsive power systems. The adoption of advanced metering infrastructure is already evident, with over 127 million advanced meters installed in the U.S. by 2023, far surpassing the 22.7 million automated meter readers already in use.Smart meters are a crucial device in smart grid infrastructure. They enable utilities to secure revenue collection through accurate reading and energy billing. As of 2023, almost 128 million advanced meters had been installed in the U.S.. Florida-based utilities company Florida Power & Light Co was the leading advanced meter-supplying utility in the U.S., providing almost six million advanced meters to customers that year. Southern California Edison Co. followed in a close second, with some 5.7 million meters installed.
