Friday, September 10, 2010

New Forum Report Identifies Smart Grids as Key for a Greener Economy

  • Accelerating Successful Smart Grid Pilots report to be presented at the World Economic Forum “Summer Davos” in China on 13 September
  • Report calls on policy-makers to transform regulatory incentives to accelerate smart grid investment and pave the way to energy efficiency

Tianjin, People’s Republic of China, 10 September 2010 Accelerating Successful Smart Grid Pilots, a new World Economic Forum report to be presented at the “Summer Davos” in Tianjin on 13 September developed with Accenture and industry experts, sets out the centrality of smart grids as a key enabler for a low-carbon economy and in response to increasingly growing energy demands. Today, 40% of energy is consumed in creating electricity; yet, electricity systems are based on technologies that are over 50 years old. The outdated electricity grids of today require smart grids as a dramatic upgrade to be able to support 21st century energy requirements.

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