Hampshire, UK - January 8, 2018 (Investorideas.com Newswire) New data from Juniper Research has found that the development of smart grids linked to smart cities will result in citizens saving $14 billion per annum in energy bills by 2022. This is up from the $3.4 billion saving estimated for 2017, resulting from smart meter rollouts, energy-saving policies and sensing technology to improve grid reliability and efficiency.
As part of the new study, Smart Cities: Strategies & Forecasts in Energy, Transport & Lighting 2017-2022, Juniper analysed and ranked global cities to assess their performance and approach towards energy consumption and delivery:
"Seoul's large-scale deployment of electric vehicle charging infrastructure, smart street lighting and smart meter rollouts will undoubtedly accelerate the development of smart grid infrastructure to manage these elements," remarked research author Steffen Sorrell.
Read more in Juniper's complimentary whitepaper, Top 10 UK Smart Cities - 2017 Leaderboard.
Renewables & Blockchain Transform the Grid
Juniper found that the high cost of carbon capture and storage technology was making fossil fuel investment uneconomical. With the projected cost of renewable energy sources such as wind and solar falling close to $60 per MWh (Megawatt hour) in 2022, it predicted the inevitable investment would force accelerated deployment of smart grid solutions to reliably scale renewable energy.
Furthermore, the research argued that the business case for distributed renewable generation would be strengthened by the application of blockchain. Here, dramatic efficiencies along the value chain could be achieved, by simplifying a certification system currently susceptible to accounting errors and increased costs.
Juniper found that with smart city budgets now being discussed and allocated worldwide, policy had become more important than the technology. For instance, it argued that MaaS (Mobility as a Service) could drastically reduce city congestion by virtue of nearly eliminating the need for private transport.
Nevertheless, it claimed that MaaS would never come to fruition without strict city policy enforcement. For that reason, it predicted that cities in Far East Asia would become 'true' smart cities earlier than their Western counterparts.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.