On the Grid

What Business Owners Need to

Know about Smart Grid

Technology

What is Smart Grid

Technology?

• It is a modernized grid that relies on the communications technologies to collect information on energy consumption. The two-way systems rely on either digital information or other technologies to make long term decisions on how to best utilize the resources. These systems avail consumer data on individual consumption patterns. As the advancements in these technologies continue to evolve in capabilities, consumers will have greater control over energy costs. Automation features improve reliability, sustainability and economics with regard to the distribution of electricity.

What Are Advantages of

Smart Grid Technology?

• Smart grid technology consists of a two-way exchange of information. Utility companies will be able to charge for energy usage during peak hours discourages improper use of energy. Making consumers aware of their activities and how their patterns impact the grid enables consumers to program their energy settings accordingly. The likelihood of business interruption due to unstable power usage patterns are dramatically reduced with smart grid technology.

What Business Owners Need

to Know About Technology

• The U.S. Agriculture Department has announced its plans to invest $1.8 billion improve capabilities in the rural communities across 25 states and a territory. As businesses continue constructing power generation in new communities, the use of grid technology becomes more accessible and widespread. This means a broader market and a growing consumer base for those likely to require this technology. New products, markets and services benefit the entire business community directly or indirectly.

• Companies can make cuts have more

options available to them to implement

cost-cutting measures. In monitoring

usage, companies can evaluate energy

costs in addition to other types of company

expenses and weigh the advantages of

alternative work schedules and the value

of labor completed after hours against

energy costs.

• Digital data available to consumers informs consumers of their patterns and allows them to manage their consumption rate. Businesses have fewer business interruptions, expanding markets, abundant innovation, and cost-cutting opportunities available in this scenario. Obviously companies, communities, and consumers have a lot to gain from this type of technology. As more businesses learn about the technology and how they can utilize it to implement better business practices, we will discover higher levels of conducting business by increasing efficiency, safety, and awareness.