Smart Grid Deployment Key to Asia-Pacific’s Energy Future

China Taipei, August 24, 2011 – As the world moves to adopt renewable energy solutions, the adoption of smart grid technology is vital to the economic and environmental future of the APEC region.

Smart grids are one of the key conduits to increase the rate of adoption of renewable energy technologies, said Dr. Jerry Ou, Director General of Chinese Taipei's Ministry of Economic Affairs Bureau of Energy, at the opening of the seminar APEC on the challenges in addressing the implementation of Advanced Metering Infrastructure (AMI and smart grids.

"The adoption of renewable energy technologies and the deployment of AMI and smart grids are possible solutions to the energy crisis and environmental protection," said Ou.

The development of intelligent networks and the deployment of AMI to facilitate the supply of power to homes and businesses is also important because it allows the flow of the sources of new and renewable energy to consumers.

"Going forward, we need a new type of power that is capable of delivering new energy sources and renewables such as wind or solar," said Dr. Tom Lee, President of the APEC Expert Group on New Energy Technologies and Renewable.

«We need a grid that can automate
and manage the increasing complexities and electrical needs
of the 21st century.»

APEC recognizes smart grid
development as a way to address climate change and improve
energy efficiency. Smart grids also promote green growth,
which is a key priority for APEC during the 2011 US host
year. AMI systems are viewed as foundational technology for
smart grids.

Dr. Ou underscored the value of smart
grids and AMI technology to APEC economies because of its
economic and environmental significance if it is deployed
globally.

The recent disaster in Fukushima, Japan
highlighted the need for «demand-side management solutions»
to solve electricity shortage crises – problems that may
increase with growing environmental and energy demand
challenges.

In 2010, the value of smart meters
worldwide was US$4.3 billion, and may reach as much as
US$15.2 billion by 2016. Currently within APEC economies,
about 12 million smart meters are deployed in the US, with
penetration rate reaching 8.7%. China has purchased 48
million smart meters in the past 2 years. Chinese Taipei
also announced an AMI deployment plan in 2010.

AMI is an integral component of intelligent networks, allowing two-way communication between consumers and suppliers. An AMI system typically consists of a "smart meter" in the customer premise, a network of communication between the smart meter and the utility, and a system to monitor data.

"The increase in the rate of adoption of renewable energy technologies depends on the development of smart grids, which in turn depends on the development of AMI," Dr. Ou said.

"AMI is considered the key to turning the existing power systems in the intelligent, measuring, collecting and analyzing energy use. «

The
two-day APEC workshop on AMI and smart grids follows the
37th APEC Expert Group on New and Renewable Energy
Technologies Meeting that was held earlier this week in
Chinese Taipei, where energy experts from APEC economies
gathered to discuss their current energy priority
needs.

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