Smart grid technology is estimated to produce cumulative benefits of US$23.7 billion to US$46.8 billion and 42 billion kWh–134 billion kWh of electricity savings by 2030.
This is according to a new paper - ‘Accelerate Energy Productivity 2030: A Strategic Roadmap for American Energy Innovation, Economic Growth, and Competitiveness’ - released in mid-September by the US Department of Energy in partnership with the Council on Competitiveness and Alliance to Save Energy.
The guideline presents a roadmap for Americans to implement in order to achieve the Accelerate Energy Productivity 2030 Initiative launched by the US Secretary of Energy Dr Ernest Moniz in Q3 of 2013.
The initiative aims at doubling energy productivity in America by 2030.
According to the energy department, the report discussing how energy productivity can contribute to economic growth was drafted from a series of dialogues between officials from the department and stakeholders since Q3 2014.
Federal government in energy productivity
The roadmap provides recommendations to various stakeholders including businesses, federal, state, and local governments, universities, colleges and individual consumers to increase energy productivity.
And as such the report urges the federal government to:
- support policy action by state and local governments and the private sector through the provision of tools and other resources to reap the benefits of energy efficiency
- set the financial foundation for energy productivity through tax policies
- help train a workforce geared for energy productivity and lead by example in adopting new technologies and strategies in its own operations
To present a cohesive analysis of the potential impacts of the strategies, the report developed six productivity 'wedges' as representations of aggregated individual strategies namely Water Infrastructure, Transportation, Smart Manufacturing, Financing for Building Energy Productivity, Technologies for Building Energy Productivity, and Smart Energy Systems.
On smart energy systems, the report suggests broad and deep transformations involving the effective integration of ICT to enable transitions to distributed energy resources, real-time energy pricing, smart appliances, and increased energy efficiency as the sector is the source of improvements to US energy productivity.