Taipei, Taiwan --- (METERING.COM) --- August 29, 2011 - The adoption of smart grid technology is vital to the economic and environmental future of the Asia-Pacific Economic Cooperation (APEC) region, according to participants in a recent APEC workshop on AMI and smart grid.
Smart grids are one of the key conduits to increasing the adoption rate of renewable energy technologies, said Dr Jerry Ou, director-general of Chinese Taipei’s Ministry of Economic Affairs’ Energy Bureau, at the opening of the workshop.
“The adoption of renewable energy technologies and the deployment of AMI and smart grids are potential solutions for energy crises and environmental protection.”
APEC recognizes smart grid development as a way to address climate change and improve energy efficiency. Smart grids also promote green growth, which is a key priority for APEC during 2011.
Dr Ou underscored the value of smart grids and AMI technology to APEC economies because of its economic and environmental significance if it is deployed globally.
The recent disaster in Fukushima, Japan highlighted the need for “demand-side management solutions” to solve electricity shortage crises – problems that may increase with growing environmental and energy demand challenges.
In 2010, the value of smart meters worldwide was US$4.3 billion, and may reach as much as US$15.2 billion by 2016. Currently within APEC economies, about 12 million smart meters are deployed in the US, with penetration rate reaching 8.7%. China has purchased 48 million smart meters in the past 2 years. Chinese Taipei also announced an AMI deployment plan involving around 6 million meters in 2010.
“Increasing the adoption rate of renewable energy technologies is dependent on smart grid development, which is in turn dependent on the development of AMI,” Dr Ou said.