Smart Grid key for the future expansion of the Asia-Pacific Energy

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 network that can automate and manage the increased complexity and electrical needs of the 21st century."

APEC recognizes that the development of intelligent networks, as a way to address climate change and energy efficiency. Smart grids also promote green growth, a key priority for APEC in 2011 U.S. host. AMI systems are seen as basic technology for intelligent networks.

Dr. Ou, underscored the value of smart grids and AMI technology for APEC economies, due to its economic and environmental significance if it is deployed worldwide.

The recent disaster in Fukushima, Japan stressed the need for "solutions demand management" to resolve the power shortage crisis – problems that increase with the growth in demand for energy and environmental challenges.

In 2010, the value of smart meters across the world was U.S. $ 4.3 billion, and can reach U.S. $ 15.2 billion in 2016. Currently within the APEC economies, about 12 million smart meters are deployed in the U.S., with a penetration rate reached 8.7%. China has purchased 48 million smart meters in the last 2 years. Chinese Taipei has also announced a plan to deploy AMI 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 APEC Workshop for two days in AMI and smart grid follows the APEC Expert Group on Energy 37th New and Renewable Technologies meeting held this week in Taipei China, where energy experts economies APEC met to discuss their current priority needs energy.

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