Smart grid technology is a concept which combines traditional grid infrastructure and advanced internet technology in order to enhance the efficiency of electricity supply and to decrease consumption by giving real-time information. Expectations are that its market will greatly expand throughout the coming decade if it can overcome its two crucial obstacles: It needs to integrate renewable energy more consistently int the grid and merge its interoperability standards. PArt of this new research is a calculation showing that the market for smart grids will total $33.91 billion worldwide in the year 2012.
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