GE Energy The State of the Smart Grid Expectations vs Reality Georgia Tech Clean Energy Series Giri Iyer @ 2010 General Electric Company. All Rights Reserved. February 23, 2011
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GE Energy
The State of the Smart Grid Expectations vs Reality
Georgia Tech Clean Energy Series
Giri Iyer
@ 2010 General Electric Company. All Rights Reserved.
February 23, 2011
Information infrastructure
Sources: (1) UtilityPoint, by Ethan Cohen 7/18/0 (2) EPRI® Intelligrid
The integration of two infrastructures … securely …
Electrical infrastructure
What is Smart Grid?
+Embracing renewables
Empowering consumers
Increasingproductivity
Reducing CO2 emissions
Increasingefficiency
Core
Emerging
GE’s Smart Grid landscape
Generation optimizationRenewable integrationDistributed generation mgmtMicrogridsProtection & control
Energy storage systems Cyber securitySG network planning & design
Asset monitoring & diagnosticsBackup power mgmt & controlEnergy management systemsPlant load managementProtection & controlSub-metering TOU reporting
Storage managementIntermittency management
Grid diagnostics & visualization Reliability & demand forecastingGrid protection & control Fault detection & restorationWide area measurement systemSubstation digitizationTransformers & voltage managementDistribution, outage mgmt systems Geospatial information systems
Home area networksRenewable integrationDemand response & TOU pricingHome energy use monitoringPHEV integrationNeighborhood microgrids
Demand managementDemand responseBilling automation
Smart metersWireless AMISmart appliances
Industrial Communications
Copper Fiber Wireless
Power Generation Transmission & Distribution Residential & CommunityCommercial & Industrial
Bi-directional grid creates complexity
Expectations — A Paradigm Shift
DEMAND WORLD ENERGY CONSUMPTION INCREASE BY 75% BY 2030
SUPPLY ELECTRIC VEHICLES, WIND, SOLAR, STORAGE WILL SEE GROWTH IN NEXT DECADE
EFFICIENCY INFRASTRUCTURE OVERHAULS REQUIRED TO SUPPORT NEW EXPECTATIONS
BUSINESS MODELS
BUSINESS TRANSFORMATION AND NEW JOBS GROWTH
Realities – DemandConsumers•
Continuing education critical to success worldwide •
Generally have a “show me” attitude towards Smart Grid - we must be able to demonstrate benefits
•
Electricity can’t be a flat rate commodity much longer - usage has consequences, time of use is happening
Commercial•
Demand response and load control has been happening for a while
Industrial•
Companies with large consumption have their own power plants and are fine paying a premium for power
Utilities•
Do utilities really know the customer behind the meter?•
Benefits articulation is critical - tax payer wants more influence, control, and better choices
•
Learning from NFL - Increased taxes and jobs story alone not enough
Realities – Supply•
Global government spending driving Smart Grid investment worldwide - must move beyond pilots in 2011
•
Fossil is here to stay - CCS/shale, better options emerging
•
Nuclear renaissance is happening worldwide
•
Wind - mainstream in non-residential areas, small wind innovation key
•
Solar - excited about Dow solar shingles, seeing exciting companies in ecochallenge
•
Storage - massive opportunities, GE is investing in new factory in New York, US jobs
•
Volt, Leaf, Prius are key drivers - first wave will be “second car” thinking
•
Battery anxiety - need full tank of charge ~300 miles to mainstream
Realities – Efficiency•
Some low hanging fruit opportunities exist– Micropayment - humane “bad debt” management– Smart Crew dispatch - Moving from reactive to predictive– Asset portfolio optimization - Move the needle on higher
ROA %•
Distribution Automation – strong investments ahead to visualize demand side better; greater device density
•
Demand Response - adaptive, proactive
•
Public vs. private communication infrastructures
•
LTE coming - paradigm shift
Realities – New Business Models• New incentives/fund raising avenues key to decoupling
– Utility as communication provider - compete with cable companies?
– Utility as energy portfolio manager - charge by energy type in addition to time of consumption?
• Selling back to the grid - fad to reality•
Going off grid – microgrid, farms, universities, government
rooftops, islands• Independent power production
– More than a stable of wind turbines– What about roof tops? Commercial & Industrial?
Residential? How will it go mainstream?
GE’s Grid IQ™ Experience Center• Educates utilities, consumers, regulators and policy makers about the global energy landscape
• Showcases GE technologies modernizing the electrical grid to empower energy suppliers and consumers
• iPad-guided tour helps visitors understand smart grid solutions and their potential to change how power is generated, delivered and consumed
• Includes a smart grid innovation laboratory - a partnership between GE and Georgia Tech
• Positions Atlanta as a leader in driving change through the power of education
COME VISIT US… WE ARE OPEN
Questions?
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