- Current hardware is old and needs to be replaced
- 65% of electricity is lost between generation and distribution
- Depreciation expenses are greater than investment spending
- Less than 0.2% of Net Sales in the industry is spent on R&D
- This is one of the lowest amounts compared to all industries
- 5-10 times lower than other high tech industries (DOE – Barriers to Achieving the Modern Grid)
- Grid cannot easily accommodate renewable sources such as wind and solar power generators
|
Smart Grid 101