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Smart grids ‘can save GCC countries $10bn by 2020’
One of the most important steps towards improving electricity diversification and conservation in the GCC, is to develop smart grid and smart metering roll-out under the overall umbrella of demand side management, according to a recent Ventures Report commissioned by Middle East Electricity.
It is estimated that GCC countries can save up to USD 10 billion in infrastructural investment by 2020 through the use of smart grid, which optimises supply and demand by using information technology to provide a two-way flow of real time information between power generation, grid operators and consumers.
One of the pioneering government bodies for this technology is DEWA who are fully-prepared to turn this vision into reality through new smart initiatives and services. DEWA invests heavily in innovation in the field of renewable and clean energy technology, and are spearheading developments such as Shams Dubai which connects solar power in homes and buildings to DEWA’s grid, Smart Applications via Smart Meters and Grids, and the Green Charger to build the infrastructure and electric-vehicle charging stations. The project will include the construction of a smart grid model at DEWA’s headquarters, which will include solar panels, an energy storing system (ESS) and integrated operating system.
Taking a look at the UAE as a collective, their Vision 2021 focuses on fostering innovation in its power sector (renewable energy). As a clear example, the recently announced Dubai Clean Energy Strategy 2050 aims to provide 7% of Dubai’s energy from clean energy sources by 2020, 25% by 2030, and ultimately 75% by 2050. This drive toward clean energy is complimented by Dubai’s intent to become the world’s smartest city by 2017.