Smart Grid: The Electronic Component of the Future

23 05 2011

By 2016 research suggests the global alternative electrical power storage market will reach 423 million dollars.

Electrical power is now being commonly generated using smaller alternative sources like wind, solar, tidal and geothermal, as opposed to traditional methods of coal-fired, oil-burning, natural gas, nuclear, and hydroelectric, a new report from Electronics Publications reveals.

As these grow in dominance, off peak generation becomes important to address problems which would occur when the sun does not shine or the wind does not blow.  As such, electrical designers have begun to investigate ways to store alternative power so that it can be used when needed and not just when it is being generated.

This is termed the utility scale ‘alternative electric power storage’ and includes the use of batteries, fuel cells, capacitive storage, and flywheel energy storage.

Storage approaches include using stationary facilities, mobile arrays, and increasingly, smart grids.

What are Smart Grids?

These are electricity networks using digital technology where electricity is delivered from suppliers to consumers using two way digital communications.

This as the report suggests used to conserve and store energy when needed, commonly in people’s houses.  They are being addressed by governments as a means to conserve energy and prevent global warming which burning of traditional fuels has started to cause.

In 2011 it is predicted this global alternative electrical power storage market in 2011 will be worth more than 325 million dollars.  It is also expected this market will grow at a compound annual growth rate of 5.4 percent between 2011 and 2016.

Electrical Components Suppliers

Challenger Components has 50 years experience in supplying quality electrical components.  They aim to deliver energy efficient models where at all possible to cut energy costs and prevent global warming.

Visit: www.challengercomponents.com for more information and to discuss your requirements in more detail.

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19 07 2011
Areas Set for Electrical Component Growth « Challenger Components Blog

[…] Electrical power is now being commonly generated using smaller alternative sources like wind, solar, tidal and geothermal, as opposed to traditional methods of coal-fired, oil-burning, natural gas, nuclear, and hydroelectric, a new report reveals. More. […]

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