Proving the Business Case for the Internet of Things

Smart city technologies spurring energy sector change: Navigant

Iain Morris
October 21, 2014

The spread of smart city technologies is helping to drive sweeping changes in the energy landscape, according to a new study from Navigant Research.

The market-research company says there is growing pressure on cities to move to cleaner and more efficient energy resources to meet the demands of an urban population set to expand by 2.4 billion people over the next 35 years.

“Cities around the world are recognizing the importance of – and the opportunities offered by – changes in energy infrastructure and energy markets,” said Eric Woods, research director with Navigant Research. “In addition to being the focus of extensive smart grid pilots, cities are becoming increasingly proactive in terms of the targets they are setting for their utilities to shift from fossil fuel to renewable energy, and are encouraging local generation on both the residential and commercial level.”

Support for renewable generation by cities is also increasing the pressure on utilities to modernize their infrastructure, adds Navigant.

Grids typically need to be reinforced to support the integration of large amounts of renewable energy, but the wider use of smart technologies for network management and demand management initiatives can help to offset these costs, says the company.
 
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