As smartphones have revolutionized the way people interact around the globe, "smart grid" technologies are revolutionizing the way people consume electricity. Through the development of innovative smart grid solutions, U.S. companies are making this revolution possible in ways big and small.
In its most basic form, smart grid solutions use two-way information communication technologies (ICT) to ensure the energy producer can deliver energy to the consumer when needed while allowing consumers to demand energy when prices are lowest. In short, smart grid technologies are helping utilities match energy demand with energy supply and giving utilities the ability to better understand their networks. Some of the U.S. leaders in this field include household names like OSIsoft, General Electric and IBM. However, as with much of technology innovation, it is important to watch the smaller companies to understand the true potential in the smart grid field.
USTDA is doing just that. Through reverse trade missions, which bring foreign decision-makers to the United States to meet with U.S. manufacturing and services providers the Agency is connecting companies like these with foreign buyers of smart grid technologies.