Proving the Business Case for the Internet of Things

DVCA spending to total more than $17 billion between 2014 and 2023: Navigant

Iain Morris
October 28, 2014

Investments in dynamic volt/VAR control architectures – which are designed to make power grids more resilient and efficient – are expected to total as much as $17.7 billion between 2014 and 2023, according to a new study from Navigant Research.

Navigant says that making power grids more flexible and resilient is the number one priority for electric utilities today and that dynamic voltage and VAR control architectures (DVCAs) can help ensure power delivery is reliable during peak loads and continuously efficient.

“Electricity loads are becoming more variable and intermittent sources are becoming a larger portion of the energy supply, increasing the need for advanced, controllable DVCA technologies,” said James McCray, a senior research analyst with Navigant. “These solutions serve as oil in the machinery, keeping transformers, generators, transmission lines, and distribution systems from overheating, reducing the risk of being retired or upgraded before the end of their intended lifespan.”

According to Navigant, smart grids that have been designed with DVCA technology can be flexible and active through the distribution system, with flexible volt/VAR control (VVC) at primary substations and distribution circuits, active power electronics at the edge of the grid and VVC embedded in smart electric vehicle charges and smart photovoltaic inverters.

Most of the technology exists today, says Navigant, and a number of major utilities are using various types of DVCA technology in pilot programs.
 
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