According to a new report, Eurasian countries are expected to invest $23bn in smart grid infrastructure over the next ten years.The report compiled by Research and Markets, "Eurasia Smart Grid: Market Forecast (2016-2026)", states that the Eurasia region has several drivers for smart grid investment, including an initial base of smart meters already present in the region. Driven by high non-technical losses and aided by affordable local vendors, utilities - particularly in Russia and Ukraine - have been ambitious in deploying smart meters, despite a lack of strong regulatory incentives.
This bodes well for future deployments, as investment should continue even without strong regulatory drivers. This includes investment in advanced metering infrastructure (AMI), distribution automation (DA), wide area measurement (WAM), home energy management (HEM), information technology (IT), and battery storage.
Smart grid, Eurasia
But ultimately, the conditions for smart grid development in Eurasia are strong enough to drive investment in all but the most challenging regulatory environments. Meanwhile, even in countries with poor economic and political climates, multilateral funding may be available to ensure secure financing, implement necessary techni
cal standards, and overcome political risk hurdles - as is the current case in Uzbekistan and Kyrgyzstan.With poor energy efficiency, high non-technical losses, and knowledgeable local firms eager to partner with international smart grid vendors, the medium-term outlook for smart grid infrastructure in Eurasia is favorable. By 2026, the smart grid market in Eurasia will be comparable to that of Central & Eastern Europe, and trail only China, India, and Latin America among emerging market regions in total market size.
In other smart grid news, Florida Power and Light company has received Davies Consulting’s awards for communication excellence and most innovative practice for leadership in emergency response.
According to a release, the awards help close out the 2016 hurricane season, ending Florida’s more than decade-long hurricane drought and highlighting how FPL’s continued investments in the energy grid are delivering benefits for customers. The awards served to highlight FPL’s application of “innovative processes and tools” to restore service to customers faster following a storm.
Eric Silagy, president and CEO for FPL, said: “Hurricanes Hermine and Matthew tested our storm readiness, highlighting the importance of being prepared, leveraging the latest tools and processes, and continuing to invest in our system to make it stronger, smarter and more storm-resilient ..."