Utilities and customers will see significant benefits in Swedish smart grid demonstration project
November 14, 2012 – Telvent GIT, S.A., a leading real-time IT solutions and information provider for a sustainable world, announced today it has been selected to participate in the Smart Grid Gotland project, a large-scale, pioneer smart grid technology demonstration project in a rural area of Gotland, Sweden, partly financed by the Swedish Energy Agency. The project is expected to carry out research and development in fields that will affect the quality of electricity supply, as well as market application for integration of renewable sources.
The project, with a proposed budget of 25 million euros ($32 million), will demonstrate how new smart grid technologies can improve the electrical quality of large rural grids by utilizing large quantities of distributed power generation and advanced load management strategies. Telvent’s smart meter technology will be used to greatly increase the involvement of the end-customer in the management of their electricity use, providing them an opportunity to reduce their energy costs through informed decisions and improving access to cheaper power from renewable sources.
“Gotland's electrical grid already receives a large portion of its electricity from renewable sources. We are hopeful the project and expected results can be easily scaled up and used in other parts of Sweden, or internationally,” says Håkan Gustavsson, project manager for Vattenfall, a partner on the project.
The demonstration will provide new levels in understanding of how Telvent smart grid solutions can be utilized to improve the planning, operation and maintenance of the grid, resulting in an even greater capacity to assist utilities in cutting operational costs and improving service levels.