Saturday, December 07, 2013

The main force behind the push for a global smart grid: Maintaining corporate market share

The main force behind the push for a global smart grid: Maintaining corporate market share

In a just released paper by Prof. Damien Ernst from the University of Liege (December 2013) he argues that the the main force behind the creation of a global electricity grid is to be able to incorporate renewable energy thereby lessening our reliance on fossil fuels. Among other things, Ernst sees the transition towards a global grid as an inevitability but that the globalisation of the electricity commodity will give rise to serious challenges to national power industries. Ernst concludes with the warning that countries relying too much on the global grid for their electricity supply may experience very adverse effects.

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