What is smart grid technology?:
As Foundation Capital put it recently in a note on the market: “A true Smart Grid enables multiple applications to operate over a shared, interoperable network, similar in concept to the way the Internet works today.” That means turning the current electrical network that has 14,000 transmission substations, 4,500 large substations for distribution, and 3,000 public and private owners into a network that communicates intelligently and works efficiently.
The new smart grid will utilize wireless sensor networks, software, and computing to enable utilities to see how much and where energy is being consumed, and if there are problems or blackouts in the network. Homeowners will be able to see how much energy they’ve consumed and adjust their consumption habits accordingly. Two-way connected smart meters will be installed in every home — Obama is calling for 40 million, but as of 2006 less than 6 percent of the U.S. population had a smart meter.
Smart meters will pave the way for real-time pricing, where energy is priced at different rates depending on the time of day and much demand there is for the electricity. Utilities can use real-time pricing to better manage the loads on the grid, while home owners can use it to cut their monthly energy bills.
The smart grid will deliver clean power from areas of the country that have an abundance of sun or wind, which is why Obama has called for building out transmission lines. The smart grid will also be able to pull energy from distributed clean power projects, like solar panels and small wind turbines on rooftops, feed it back into the grid and compensate the power generators accordingly.
Ultimately we need smart grid technology because as the population grows the demand for electricity will only increase, but we need to cut our electricity consumption to fight global warming. As Foundation Capital puts it: “The world consumes 14 terawatts of energy every day. In another 50 years, we’re going to need 28 terawatts. Where are we going to find another 14? We would have to turn on a new 1,000-megawatt power plant tomorrow, another the next day, and on and on, one a day for the next 40 years to get another 14 terawatts.”
Key Players:
Smart Meter Firms:
GE: GE makes a variety of hardware and software for smart meters, and the conglomerate has won several large utilities deals for smart meter deployments as of late. Northern California utility PG&E is installing 3.3 million GE smart meters in California, and American Electric Power plans to install an initial 200,000 smart meters, with an end goal of 5 million users by 2015.
Itron: Itron and GE have been battling it out for the large utility deployments. Itron scored a 5.3 million smart meter deployment with Southern California utility Southern California Edison, and is working with Connecticut Light and Power (CL&P), San Diego Gas and Electric, and Tucson Electric Power, among others. The 30-year-old Washington state-based company is also aggressively partnering with innovative startups.
Landis+Gyr: Century-old Landis+Gyr has 5,000 employees and is a forerunner in the advanced meter infrastructure market. The companyannounced in October that it will provide a portion of the 5 million smart meters set to roll out to PG&E (those that GE isn’t providing). Earlier, it inked a four-year, $360 million contract with Texas utility Oncor, a $10 million deal with Idaho Power, and a $52 million deal with Arizona utility Salt River Power. The company says it has annual sales of more than $1.25 billion in 30 countries worldwide.
Sensus Metering Systems: Raleigh, N.C.-based Sensus announced last month that Hawaiian Electric, which provides electricity for 95 percent of Hawaii’s residents, plans to install Sensus FlexNet smart meters for 430,000 residential and commercial electric customers, subject to approval of the Hawaii Public Utilities Commission. The technology provides automated meter reading, data collection, voltage monitoring, notification of outages and remote control of customer loads.
SmartSynch: One of the smaller innovative startups in the smart meter space, SmartSynch makes smart meters that communicate via IP networks like GPRS and Wi-Fi. The company founded in 1998 says it works with 75 power providers in the U.S. SmartSynch is backed by $80 million from Credit Suisse, Battelle Ventures, Beacon Group, JP Morgan Partners, Nth Power, Siemens Venture Capital and Duke Ventures.
Network Players:
Silver Spring Networks: Billed as the Cisco of the smart grid, Silver Spring Networks, sells IP-based software and hardware to connect utilities and customers across the power grid. Founded in 2002 the company has raised $75 million, led by the green VC folks at Kleiner Perkins Caufield & Byers.
eMeter: The San Mateo, Calif.-based company makes software to help utilities manage the grid connected to smart meters in homes and businesses. It claims 20 million meters under contract and has raised $12.5 million in a round led by German electronics heavyweight Siemens that included Foundation Capital and DBL Investors.
IBM: The computing giant has developed a variety of software to make the power grid smarter, giving utilities more intelligence on the network. In 2007 IBM created the Intelligent Utility Network Coalition, which includes a group of utilities that are interested in bringing computing to the electricity network.
GridPoint: GridPoint helps utilities balance energy loads through hardware and software on the power grid. The company has raised over $200 million from Goldman Sachs Group (GS), Susquehanna Private Equity Investments, David Gelbaum’s The Quercus Trust, the Altira Group and Standard Renewable Energy Group. It also boasts a long list of advisers, which include R. James Woolsey, former director of the CIA, and Pulitzer Prize-winner Daniel Yergin.
Comverge: Comverge provides demand response services to utilities and boasts over 500 utility clients and 4.5 million devices installed. The company was one of the first cleantech firms to go public.
EnerNOC: EnerNOC also provides demand response services and has created a system whereby industrial and commercial building owners can reduce their energy consumption over a peak-demand time period for compensation.
Greenbox Technologies: The startup was founded by the team that developed Flash technology for the web, and is using its experience to build a dashboard to help energy consumers cut consumption. The company is working with Silver Spring on a pilot with an Oklahoma utility.
Trilliant: The Redwood City-based company founded in 1985 makes hardware and software to allow for time-of-use metering and two-way communication. The company uses open standards and raised $40 million from Mission Point Capital Partners and Zouk Ventures.
Tendril: The Boulder, Colo.-based company makes home energy management software and hardware from smart plugs, to energy displays to software for utilities. The company raised $12 million from RRE Ventures, Vista Ventures, Access Venture Partners, and Appian Ventures.
Positive Energy: The software and research startup develops research reports that utilities can offer to customers to help them reduce their energy consumption and receive more transparent energy bills. Positive Energy recently raised a $14 million round from New Enterprise Associates.
Utilities:
- Southern California Edison
- PG&E
- XCel Energy
- Austin Energy
- Sempra
- Oncor
- San Diego Gas and Electric
Venture Firms:
- Nth Power
- Foundation Capital
- New Enterprise Associates
- Kleiner Perkins Cau
lfield and Byers - Siemens venture arm
- Quercus Trust
- Battelle Ventures
- DBL Investors
- Altira Group
- Mission Point Capital Partners
What the Smart Grid Needs: Smart grid analyst Jesse Berst has three rules for what the smart grid needs to make it work:
- 1) Open and interoperable standards, ike the Internet.
- 2) Dynamic pricing correct pricing models.
- 3) The right government policies.
How Big Is the Market?:
According to some reports, utilities will need to add an aggregate of nearly 40 gigawatts of clean energy generation by 2030, and to get all that power to customers, a total investment of as much as $2 trillion into transmission and distribution networks will be required. And that’s just the additional clean power — there will be even more investment in the software, hardware, and wireless networks to enable the power grid to intelligently manage all the additional capacity.
Smart meters can cost anywhere from $100 to $300 per meter to install depending on the sophistication of the meter. So, say there’s 40 million smart meters installed, that could costs a minimum of $4 billion.
Historically the investment into smart grid technology has been minimal, but venture capitalists have recently started to pump money into the sector. According to the Cleantech Group, smart grid startups brought in a record $202 million in the third quarter of 2008, which included $120 million for Gridpoint, $40 million for Trilliant, $23 million for BPL Global, and $18.5 million for Eka Systems.
We know this FAQ hasn’t covered all the firms involved in the smart grid, but if you have particular favorites, add them in the comment section.
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i was wondering why you left out Echelon Corporation from this e-mail given there long history and market position?
thank you.
@a kleeger, thanks, we didn’t include all the firms for the sake of space, but we’ll be adding more in this week via suggestions.
Another Big player is Ambient Corp in MA. There website ishttp://www.ambientcorp.com Read through there fillings and follow the progression. They seem like a very dynamic and integrated part of the vision of the smart grid.
Wondering how you left out Eka Systems, the premier provider of Smart Grid and AMI Networks globally since 2000. We are perhaps the oldest new world Smart Grid Network Players, deploying AMI networks since the beginning of this decade.
In addition, your categorization of Network Players is flawed. Except for Silver Spring and Trilliant, none of the others are pure play network players. They provide software, devices and systems for Smart Grid, but not Networks.
Thanks Srini, Network Players is a general term, as you can tell by reading the descriptions of the individual companies and what they sell.
[...] Malik | Tuesday, January 27, 2009 | 9:00 AM PT | 0 comments Everything you every wanted to know about Smart Grids. (Earth2Tech) What went wrong with OLPC. (OStatic) Does Apple’s new multitouch patent mean [...]
[...] Posted by AllenCaron on January 27, 2009 The rush of intentions from the Obama administration has repeatedly included funding for a major effort to create and empower a “smart grid” for electricity distribution in the US. It is said to be potentially one of the largest creators of new jobs, as well as an enormous saver of energy and carbon emissions. Ziff-Davis’s GoodCleanTech reports on it today (http://www.goodcleantech.com/2009/01/obamas_green_new_deal_to_inclu.php), as does GigaOM’s Katie Fehrenbacher in earth2tech (http://earth2tech.com/2009/01/26/faq-smart-grid/). [...]
Great post. KPCB name spelled wrong above. Caufield. Not like a certain BCaulfield. ;-)
LOL @Alex, I do that every time and yes it’s because of the great Caulfield.
Great post! very helpful to bring someone up to speed on the players and happenings in clean tech.
Check out Tendril’s website! The products they are introducing are very impressive.
[...] Everything you ever wanted to know about Smart Grids. (Earth2Tech) What went wrong with OLPC. (OStatic) Does Apple’s new multitouch patent mean end game for others? (jkOnTheRun) Cheap ways to stay entertained during the downturn. (NewTeeVee) How to learn from unfulfilled goals. (WebWorkerDaily) When it comes to web series, it is pay to play. (NewTeeVee) [...]
Please add to the list one of the premier smart meter companies:
USCL Corporation, Sacramento, California. Since 2001, USCL has led the way with the development of highly advanced electric power utility meters integrating WAN and LAN communications and the combination of electric, gas and water services through one communications gateway. The meters provide real time feedback to consumers with in-home energy use and cost displays through the company’s patented (U. S. & foreign issued and pending patents) technology as well as direct virtual real time communications to utilities. USCL turns utility rate payers into smart consumers. For a complete account of the company’s industry achievements, consult their website at http://www.usclcorp.com. USCL is a privately held California based company.
I was surprised that Elster was not mentioned. Website elster.com, phone 1-800-338-5251.
Does the post comment work again?
For a product ready to take advantage of off-peak electricity, take a look a Sempa Power’s Hybrid Heating. A smart grid would be able to direct a product like this when to take advantage of any excess demand, and put it to work heating a building. This system typically saves 10 – 30% of a building’s energy costs, while reduce their energy consumption by 5 – 15%. If green electricity is available, GHG’s can be reduced by 20 – 50%.
Check out http://www.sempapower.com for more information
[...] reporting on innovative startup firms and other clean-tech gadgetry. Today Kate Fehrenbacher has a great FAQ on the smart [...]
[...] make power grids more efficient. That’s what GE’s new microsite is for (not to mention our thorough FAQ on the subject). But while GE’s investment in the promo will stay within the corporation (it owns NBC) the [...]
It might benefit your readers to mention proposed super grid technology (superconducting bus in an annular pipe with coolant – likely liquid hydrogen – surrounding it and also piped to user sites) as a very low loss solution for long distance trunk lines. This solution is beyond the investment horizon of private companies like GE but as a Federal infrastructure improvement offers unmatched long term energy savings, independent of the type of generation that feeds it.
What the Smart Grid Needs…
Then keep Microsoft the hell away from it.
[...] least, that’s the hope. A large number of companies, from start-ups to industry giants like IBM, are working feverishly to make it a [...]
[...] What’s Sexy In the Downturn: Smart Grid Software Written by Jennifer Kho No Comments Posted February 2nd, 2009 at 12:00 am in Energy,Hitlines,Science/Technology,Startups For years, energy-management technologies have played second fiddle to energy-generation technologies such as solar power, wind power and biofuels. But in an economic downturn, the so-called “smart grid” sector, which often has been labeled “not sexy” by investors and analysts, is becoming ever more attractive. [...]
[...] Beer, Bro Time and Smart Grid Written by Katie Fehrenbacher No Comments Posted February 2nd, 2009 at 6:42 am in Energy OK, smart grid technology isn’t on a level playing field when it comes to competing with Super Bowl-friendly topics like the Go Daddy shower scene, or the Pepsi slapstick men smashing into various objects. So I haven’t seen many talking about how amazing GE’s 30-second (estimated $100,000-a-second) smart grid ad was during the Super Bowl on Sunday. But it’s definitely a first for smart grid technology, which was relatively unknown to most in the U.S. in 2008, to take such a prominent stage (for more info on smart grids read our FAQ). [...]
[...] Fehrenbacher No Comments Posted February 3rd, 2009 at 7:20 am in Energy Getting tired of the smart grid yet? Well, folks, GE’s Super Bowl ad was just the beginning, and with the DistribuTech conference [...]
[...] 2009 at 7:05 am in Energy The island nation of Malta will soon be able to call itself the first smart grid island (reality TV show anyone?) IBM is planning to build the first national smart grid network on [...]
Also check out smart grid provider Tantalus. The technology is fairly easy to deploy.
Oy. Another ignorant “science” reporter repeats a nonsense statement like “The world consumes 14 terawatts of energy every day. In another 50 years, we’re going to need 28 terawatts.” (attributed to Foundation Capital).
For the last time: “watts” is NOT a measure of energy! It is a measure of POWER, defined as the RATE of production or use of energy. 14 terawatt-hours would be a measure of energy. 14 terawatts is not!
[...] Liberty Lake, Wash.-based Itron. President Obama is calling for 40 million smart meters to be installed inside U.S. homes to help them track real-time electricity and usage. [...]
“What the Smart Grid Needs…
1) Open and interoperable standards, ike the Internet.”
A standard already exists for most of the grid and its called the Common Information Model or CIM (pronounced Sim). CIM is a semantic data model for the Trasn and Dist grid. It allows data trasnfers between different equipment and software. It also coordinates with HAN (Home Area Networking) standards for coordination of home appliances (think smart AC cycling). Do a wiki on it. Also; http://cimug.ucaiug.org/default.aspx
[...] FAQ: Smart Grid Look at these grid technologies for allowing us all to move to a more decentralized system of electric power management. (tags: technology smartgrid power research) Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages. [...]
[...] able to get the most out of the tool — so good thing President Obama is calling for another 40 million smart meters installed using funds from the stimulus [...]
[...] energy data, too. Google said today that it’s developing software and online tools for smart meters that will display energy consumption info in the iGoogle home page. The company certainly has [...]
[...] So how can digitizing the grid help? IBM (IBM) and its partners will replace Malta’s 250,000 utility meters with interactive versions that will allow Malta’s electric utility, Enemalta, to monitor electricity use in real-time and set variable rates that reward customers that cut their power consumption. As part of the $91 million (€70 million) project, a sensor network will be deployed on the grid – along transmission lines, substations and other infrastructure – to provide information that will let the utility more efficiently manage electricity distribution and detect potential problems. IBM will provide the software that will aggregate and analyze all that data so Enemalta can identify opportunities to reduce costs – and emissions from Malta’s carbon-intensive power plants. (For an excellent primer on smart grids, see Earth2Tech editor Katie Fehrenbacher’s recent story.) [...]
[...] hardware and software to make the power grid an intelligent 2-way digital network (check out our smart grid FAQ). Expect these funds to this to be a boon for smart meter makers, companies developing energy [...]
I have to agree with the notes above I am pretty sure Elster has one of the highest number of AMI meters deployed in the country and they are not even mentioned, even with their former lives as ABB and Westinghouse
[...] top rivals, but the race is on for the gamut of industry players (described in more detail in our smart grid FAQ) — from smart meter firms like Landis and Gyr and SmartSynch, to network companies Gridpoint, [...]
““The world consumes 14 terawatts of energy every day. In another 50 years, we’re going to need 28 terawatts.”
That is just not going to happen. Why do we still continue to believe that population growth can carry on at the current rates forever? For instance, why has nobody adjusted their growth predictions based on the current massive global production drop?
There is no sane future for humanity that doesn’t involve curbing growth. There’s no way to use energy that doesn’t make a mess. Needing less energy, not more, is the only green solution.
Big omission from the story – technology guru David Petite – the investor of smart meters. His company has patent portfolio covering a number of aspects of of this technology:
http://en.wikipedia.org/wiki/Thomas_David_Petite
Oops – typo above, Petite is of course the INVENTOR of smart meters. An amazing visionary scientis and engineer – and his dad was a Chippewa Chief.
One player left out of this list that should be is CURRENT Group. They have one of the largest deployed Smart Grids working with XCel Energy in Boulder, CO. It is their hardware and software that allows for the management of the grid! Check them out!
I don’t get the Petite omission either. He’s been at it for a while.
[...] customers (which allow real-time energy pricing and better load management — read more in our Smart Grid FAQ) and in-home devices like programmable thermostats, Casey said. He suggested that lawmakers should [...]
Duke Energy is the Smart Grid Industry Leader and is implementing the most complete and advanced Smart Grid deployment in the country. This according to KEMA, of of the Premier Utility technology consulting firms in the business.
[...] markets, utilities and companies are getting ready to take advantage of dramatic growth this year. President Barack Obama has called for the installation of 40 million smart meters and 3,000 miles of transmission [...]
[...] the largest U.S. cell phone company from using its wireless network to angle for a piece of the smart grid market, which is set to grow rapidly this year due to billions of investment from the stimulus package. [...]
[...] second-largest U.S. cell phone company from using its wireless network to angle for a piece of the smart grid market, which is set to grow rapidly this year due to billions of investment from the stimulus package. [...]
[...] a smart grid maker to benefit from the billions of dollars in stimulus funds likely to usher in a smart grid boom. Investors are still handing out funds to the so-called Cisco of the smart grid: The company [...]
[...] or using energy consumption data for malicious intent. While a smart power grid, which leverages information technology to add more intelligence to the electricity network, will give consumers and utilities more control over energy consumption, along with that [...]
[...] or using energy consumption data for malicious intent. While a smart power grid, which leverages information technology to add more intelligence to the electricity network, will give consumers and utilities more control over energy consumption, along with that [...]
[...] electricity that our computers are sucking down when we’re asleep. The importance of improved power grids, smart meters and better batteries became much clearer, and my Germanic nature was absolutely [...]
[...] FAQ: Smart Grid. Posted in [...]
[...] Barack Obama called for the installation of 40 million smart meters and 3,000 miles of transmission lines earlier this year under the [...]
[...] | 12:47 PM PT | 0 comments Wireless communication companies are particularly thrilled by all the attention being paid to the smart grid these days, for while the stimulus package is allocating at least $4.5 billion towards the [...]
[...] earth2tech.com/2009/01/26/faq-smart-grid (solo in Inglese | English only) [...]
[...] siteSmart Savings (Northwestern University’s Science in Society intro to smart grid)Earth2Tech’s Smart Grid FAQSmart Meters (UK-based industry [...]
[...] Earth2Tech’s Smart Grid FAQ [...]
[...] Earth2Tech’s Smart Grid FAQ [...]
[...] Earth2Tech’s Smart Grid FAQ [...]
[...] you’ll need to be in the footprint of a utility that’s rolling out smart meters, and at this point less than 6 percent of the U.S. population has a smart [...]
[...] Obama administration laid out details yesterday on how it plans to distribute nearly $4 billion for smart grid technology under new Department of Energy initiatives. Vice President Joe Biden outlined a draft plan to [...]
[...] last week Vice President Joe Biden outlined a draft plan for how the smart grid funds from the stimulus package would be spent. Those plans went into a 20-day comment period last [...]
[...] The smart grid is the power grid of the future, one laced with digital, networked intelligence — kind of like the Internet of electricity. Since more than $4 billion of the stimulus package was allocated to beef it up, phone companies like AT&T and T-Mobile have been dropping the price of renting space on their networks in order to entice utilities to use their wireless networks to connect smart meters to their control stations. [...]
[...] founder of San Francisco smart meter software company Grid Net. To Bell, the clear answer to building out the smart grid rests with the wireless standard WiMAX — a nascent, high-speed wireless technology that has [...]
[...] Early On Smart Grid The company was building the smart grid before there was one. Long before GE used a dancing scarecrow to explain to Superbowl fans that the [...]
[...] are more resources on the concept of a Smart Grid:Wired article from March 2009Earth2Tech.com FAQ, which includes a list of companies working on various components for making the grid [...]
[...] stands as the largest smart meter rollout in the world. And it represents a huge opportunity for smart grid technology vendors, as whichever companies win the contracts to supply the meters and smart grid [...]
[...] FAQ, which includes a list of companies working on various components for making the grid [...]
[...] Fehrenbacher No Comments Posted May 13th, 2009 at 12:00 am in Energy,Uncategorized Adding digital intelligence to the power grid is getting all the attention right now from congress, investors and entrepreneurs, but a [...]
[...] software giant an opportunity for growth in an emerging market niche. President Obama has called for the installation of 40 million smart meters, up from about 7 million installed at the end of last year, and there is [...]
[...] Last week, the World Resources Institute issued a report examining the relationship between the two resources in greater detail, with a focus on the southeastern United States. WRI’s Eliot Metzger, a co-author of the study, told us that the stats they found in the southeast (two out of every three gallons of fresh water are used to produce energy, for example) can’t be extrapolated elsewhere, but provide a foundation for thinking about the role of water in all of the energy efficiency and smart grid talk going on right now. [...]
[...] most at the conference were environmental monitoring in commercial buildings and monitoring of the future smart power grid. Both applications apply to improving our energy efficiency. Given the number of nodes that might [...]
[...] systems technology and energy storage initiatives come as part of a much larger push at IBM, which created back in 2007 the Intelligent Utility Network Coalition with a group of utilities interested in bringing computing to the electricity network — long [...]
[...] smart grid buildout may be one of the biggest creators of wealth in the next decade — spawning, as smart grid analyst Jesse Berst has put it, “new Googles and [...]
Nice stuff will visit