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Environmental Policy Expert to Illinois: Investing in Smart Grids = Greener Economy

Posted : Wed, 09 Jul 2008 19:19:43 GMT
Author : Illinois Smart Grid Initiative
Category : Press Release
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CHICAGO, July 9 ISGI-smart-grid-power
Hendricks Says Adding Smarter Technology to Obsolete Grid Will Benefit Environment and Create Business Opportunities

CHICAGO, July 9 /PRNewswire-USNewswire/ -- How can Illinoisans curb global warming and invigorate a sagging economy? According to national climate change policy expert Bracken Hendricks, the state should add smart technology to the electricity grid.

Smart grids cut greenhouse gas emissions, integrate renewable sources of energy (such as solar and wind power) more readily, and offer consumers more options to reduce their carbon footprints, said Hendricks, a senior fellow with the Center for American Progress in Washington, D.C. Additionally, smart grids open doors for the local business community -- creating more jobs and opportunities in the growing green business sector.

"Grid modernization via smart grids can be instrumental in reducing global warming -- it provides a viable, expedient way to address this growing crisis," said Hendricks. "The time to create a cleaner energy economy is here, and it's essential to reduce carbon emissions by improving our deteriorating electricity infrastructure."

Speaking before the Illinois Smart Grid Initiative (ISGI) -- a voluntary group of state and local government, consumer, business, environmental and utility stakeholders working together to examine how Illinoisans can benefit from a smart grid -- Hendricks said that a smart grid will enable the state to rebuild its electricity infrastructure to allow for efficiency and energy options that lessen human impact on the environment.

During his presentation, Hendricks shared some of the key opportunities smart grids offer for creating a cleaner, more efficient energy future for Illinois:

Smart grids can act as a "stimulus package" for state economies. Smart grid investment infuses a host of energy-saving technologies and fosters an emerging "green" business sector into a state's economy. As regional smart grid pilot programs efforts are introduced, cities and communities will have an opportunity to benefit from the green windfall, offering entrepreneurial prospects in the areas of smart grid technology, energy efficiency management systems, and renewable energy.

Plug-in electric cars -- the future of automobiles -- need smart grid technology. Only with smart grids will commuters be able to utilize the full potential of electric cars. With smart grid technology, plug-in car owners would be able to sell power back to the grid during peak periods to pay for the expense of travel. Plug-in electric cars will require smart grid technology, and even smarter policy, for the grid to provide these vehicles with the power they need and to sustain the resulting increased demand on the power system. Plug-in electric cars could cut per-vehicle emissions by 30 percent and slash fuel expenses by at least 75 percent.

Demand response allows consumers to work in partnership with utilities to reduce stress on the grid and shrink electricity's substantial carbon footprint. Americans' electricity use is responsible for nearly 40 percent of the nation's energy-related carbon emissions. Smart grid technology offers consumers choice. Through demand response tools such as real-time pricing and energy management technology in homes and businesses, consumers can work together with utilities to use electricity more efficiently and reduce the amount of power used, especially during high-demand peak times. And reduced demand means fewer carbon emissions from electricity generation.

Grid modernization must happen sooner rather than later to help curb climate change. As global warming continues to worsen, time is running out to curb its progress. We should waste no time in developing a smarter power system that optimizes the electricity grid we have now.

Like railroads and highways, the electric grid needs large-scale investment to strengthen its deteriorating infrastructure. When Americans looked to expand and connect the country's railroad and highway systems, massive investment in new technologies standardized the system and led to the integrated transportation framework that supports the American economy today. Our electricity infrastructure needs large-scale investments to yield a reliable, efficient and responsive power system.

The ISGI is a new public-private collaboration of Illinois stakeholder groups that is examining the nature and potential benefits of a modernized electric grid, and mapping the policy path for achieving those benefits for consumers and the economy. The Initiative will examine how smart grid designs and technologies can offer Illinois consumers more reliable electricity service, a cleaner environment, and the lowest possible costs over time. The initiative is a project of the Center for Neighborhood Technology and funded by the Galvin Electricity Initiative. For more information, visit www.ilsmartgrid.org.

Center for Neighborhood Technology, www.cnt.org
The Center for Neighborhood Technology (CNT) is a 30-year-old Chicago-based nonprofit that carries out research, policy advocacy and economic development projects in pursuit of building more livable and sustainable communities. CNT created and implemented the nation's first residential hourly electricity pricing program, designed to save consumers money and reduce electricity demand. In addition, CNT manages energy efficiency programs and has conducted extensive analyses of place-based greenhouse gas mitigation strategies and transportation affordability.

Galvin Electricity Initiative, www.galvinpower.org
The nonprofit Galvin Electricity Initiative was launched by former Motorola chief Robert W. Galvin in response to the Northeast blackout of 2003 that affected 40 million people in eight states. The Initiative is leading a campaign to transform our Nation's obsolete electric power system into one that can truly meet consumers' needs in this new century. Galvin's vision -- a Perfect Power System that cannot fail the end-user -- includes a major technological update as well as the entrepreneurial development of smart microgrids that benefit consumers and suppliers alike.


SOURCE Illinois Smart Grid Initiative

Copyright © 2008 PR Newswire. All rights reserved.




Article : Environmental Policy Expert to Illinois: Investing in Smart Grids = Greener Economy
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