Skip to main content

Smart Grid Initiatives Reach $10.7B Savings Annually

What strategies are being employed in leading smart cities? What are the key trends shaping the smart city landscape? And, what is the value of cost savings that can be expected from smart city projects? These are the questions that were asked during a new global market study, and an assessment of the resulting findings.

Juniper Research has revealed the top ranking Smart Cities globally for 2015. They are (in order of rank), Barcelona, New York, London, Nice and Singapore.

The Juniper Smart City Rankings have been compiled following an analysis of the Smart capabilities offered in each city, with particular focus on their use of smart grids, smart traffic management and smart street lighting.

Furthermore, the ranking considered other aspects of a Smart city -- such as technological capability and social cohesion, among others.

It was found that the leader, Barcelona, performed consistently well across all metrics and serves as an exciting model of success from which others can learn, bolstered by strong environmentally sustainable initiatives.

Other leading cities, such as New York and London, still require greater emphasis on implementing environmentally positive projects, despite excelling in areas such as technological capability and a willingness to engage with citizens through open data.

The Global Call for Smarter Grids

Juniper’s latest worldwide market study has found that smart grid initiatives will achieve $10.7 billion savings annually by 2019, through a combination of reduced energy consumption and emissions reductions in smart cities.

According to Juniper's assessment, the reduced emissions are equivalent to those produced by the annual consumption of 130 million barrels of oil.

The study also found that, despite substantial differences in energy market regulation and policy, there is a strong desire on a global scale to implement a smarter grid.

National energy concerns, caused by emissions reduction policies, transmission line loss and grid reliability are among the numerous drivers behind the need to transition to a 2-way electricity transmission grid.

"Issues such as grid cybersecurity and winning over the consumer where smart metering is concerned still need to be addressed," said Steffen Sorrell, research analyst at Juniper Research. "Education is key, certainly in terms of stakeholder information sharing as well as promoting the full benefits of a smart grid beyond a vague notion of a reduction in energy bills."

Popular posts from this blog

Low-Code Software Tools Fuel Transformation

Many CEOs have shared their concern that the digital transformation apps backlog within their organization is causing delays in planned growth initiatives. Therefore, they're investing in new approaches to the challenge. The worldwide market for low-code software development technologies is forecast to total $26.9 billion in 2023 -- that's an increase of 19.6 percent from 2022, according to the latest worldwide market study by Gartner. "Business Technologist" roles and a growing number of hyper-automation initiatives will be the key drivers accelerating the adoption of low-code software technologies through 2026. Low-Code Software Market Development "Organizations are increasingly turning to low-code development technologies to fulfill growing demands for speed application delivery and highly customized automation workflows," said Varsha Mehta, senior research specialist at Gartner . Equipping both professional IT developers and non-IT practitioners -- e.g.

How Savvy Leaders Re-Imagine Work in 2023

As we look to the year ahead, there will be significant challenges and opportunities facing the Chief Human Resource Officer (CHRO) role. In order to be successful, savvy HR leaders must be prepared to take proactive steps that adapt and evolve. "HR leaders have faced an increasingly unpredictable environment amid many organizations mandating a return to office, permanently higher turnover and burnt out employees," said Emily Rose McRae, senior director at Gartner . HR Innovation Market Development One of Gartner's key predictions for 2023 is that the use of artificial intelligence (AI) and automation will continue to increase within the enlightened digital workplace. This transition will require HR leaders to develop new skills and competencies in order to effectively manage and lead teams that are increasingly relying on these enabling technologies. Additionally, HR leaders will need to ensure that their organizations are investing in the necessary infrastructure and re

Secure Microcontroller Market to Reach $2.2 Billion

In spite of the volatile global semiconductor industry being plagued by ongoing macroeconomic and political disruption issues, the secure microcontroller (MCU) market should continue to prosper. While the forecasted total available market has contracted -- especially in the smart home, retail, advertising, and supply chain spaces -- secure MCU shipments will likely be temporarily affected.  According to the latest worldwide market study by ABI Research, the secure microcontrollers market will grow to reach $2.2 billion by 2026. Secure Microcontroller Market Development "In part, this is due to the niche nature of security demand which commands a higher value proposition," says Michela Menting, research director at ABI Research . In the short term, potential supply chain issues due to trade embargoes and global COVID-19 pandemic quarantines at manufacturing sites will affect availability. Yet, demand for security, especially in general purpose microcontrollers, will ensure the