Japan turning to smart grid technology after tsunami

Sponsored by

Austin, March 15, 2012 — After the March 11, 2011 tsunami caused massive blackouts and a meltdown at a key nuclear power plant in Fukushima, Japan has now started to focus on smart grid technology, according to a report from Zpryme Research & Consulting.

The report, titled "Japan: Tsunami Wakens the Smart Grid," projects that the smart grid market will grow at an annual rate of 63.8 percent from 2011 to 2016 from this year's $1 billion to $7.4 billion, with electricity generation will grow from 1.04 billion kWh to 1.09 KWh.

"Continuing power shortages promise to raise awareness and demand for smart grid implementation," according to the report. The trend will be enhanced by the shift in consciousness of what a smart grid in Japan will encompass."

A total of $1.7 trillion will be invested for electricity modernization over the next 18 years, including investments in advanced transmission infrastructure and smart grid.

Japan's government has ordered Tokyo Electric Power Co. to invite bids for companies to install 17 million smart meters by 2019, an initiative to reduce electric operating costs by $1.3 billion over the next 10 years.

Tepco already has tapped the services of Toshiba, GE, Fuji Electric, Hitachi, Panasonic and Osaki Electric in the Yokohama Smart City Project, one of Japan's four smart cities designed to establish the country as a global leader in designing smart grids, according to the report.

Sponsored by
CURRENT ARTICLES

Utilities not marketing service offerings effectively to Gen Y customers

05/21/2015

According to the study, Gen Y is inclined to take control of their energy usage    

Siemens to service at Brooklyn Navy Yard cogeneration power plant

05/21/2015

The agreement also includes the plant’s SPPA-T3000 control system, SGEN6-1000A generators and SST-800 steam turbines

Pepco Energy wins energy efficiency contract with U.S. Army Corps of Engineers

05/21/2015 The IDIQ has $1.5 billion in capacity for task orders under a base ordering period of five years with one additional five-...

ON DEMAND WEBCASTS

Storage Enters the Global Stage: What’s the value proposition for your region?

For electricity storage, the events of the last two years have shown that the skepticism around t...

Beyond Integration: Three Dynamics Reshaping Renewables and the Grid

In a unique industry research initiative, DNV GL gathered views from over 1,600 energy sector par...

Engaging the Small and Mid-sized Business (SMB) Marketplace

This session will outline how Duke Energy leveraged Voice of Customer insights, previous experien...

When Grid Optimization is Not Enough: Making Cents of Disruptive Change.

Electric utilities today face unprecedented volatility and business challenges. To stay competiti...

Avoiding the Pitfalls of Premium Power

Premium power is an increasingly valuable tool for utilities and municipalities, who can charge m...

INDUSTRY STOCKS

EL&P BUYER'S GUIDE PRODUCTS

Decontamination & Decommissioning

Decommissioning strategy development, cost estimates, plant modifications; system and building decontamination; RV segmentation; large component re...

Nuclear Horizontal Modular Storage (NUHOMS®)

AREVA TN’s NRC-licensed NUHOMS® system ensures the highest safety and lowest dose performance. With no tipping, tripping and sliding, you have the...

Cavitation Peening

AREVA developed its innovative solution for asset management, significantly extending the life of reactor components. Cavitation Peening is a perma...

Engineering Solutions

AREVA combines a unique blend of engineering expertise with equipment and system knowledge, rigorous project management experience and regulatory e...

POWERGRID PRODUCT LISTINGS

EtherMate® Industrial Ethernet - IO Modules

LioN-M ProfiNet device with 16 digital I/O channels, channels can be used universally as inputs or outputs, M12 socket, ro...

Low-Smoke Zero Halogen Premise Distribution Cable

AFL’s Low-Smoke Zero Halogen (LSZH) distribution cable offers all of the benefits of a traditional 900 µm based optical ca...

OFL280 FlexTester - Handheld OTDR

AFL's OFL280 FlexTester offers an unmatched combination of fiber test functions, ease-of-use, portability, and value.

TRM® 2.0 - Test Results Manager PC Analysis and Reporting

Test Results Manager 2.0 (TRM® 2.0) is an all-in-one analysis, viewer and reporting tool designed for use with NOYES fiber...

FEATURED ENERGY JOBS

View more Job Listings >>

POWERGRID International

March 2015
Volume 20, Issue 3
1503PG-cover

ELECTRIC LIGHT & POWER

January 2015
Volume 93, Issue 1
1501elp-cover