{"id":15307,"date":"2016-11-17T04:40:14","date_gmt":"2016-11-17T09:40:14","guid":{"rendered":"https:\/\/digital.hbs.edu\/platform-rctom\/submission\/are-smarter-meters-smarter-readers-the-evolution-of-the-meter-and-the-smart-grid-within-the-united-states\/"},"modified":"2016-11-17T04:40:14","modified_gmt":"2016-11-17T09:40:14","slug":"are-smarter-meters-smarter-readers-the-evolution-of-the-meter-and-the-smart-grid-within-the-united-states","status":"publish","type":"hck-submission","link":"https:\/\/d3.harvard.edu\/platform-rctom\/submission\/are-smarter-meters-smarter-readers-the-evolution-of-the-meter-and-the-smart-grid-within-the-united-states\/","title":{"rendered":"Are Smarter Meters Smarter Readers? The Evolution of the Meter and the Smart Grid within the United States"},"content":{"rendered":"<p><strong>Wait, what is a\u00a0Smart Grid? <\/strong><\/p>\n<p>In 2007, Title XIII of the Energy Independence and Security Act was enacted within the United States (US) \u2013 an act that set forth the modernization of the nation\u2019s electricity transmission and distribution systems.\u00a0<strong>[1]<\/strong> The Smart Grid (SG) is part of the national effort to modernize the existing electric grid, which was built in the 1890s within the US. The current electric grid contains 9,200 electric generating units that can generate 1 million megawatts of energy and is connected to over 300,000 miles of transmission lines.\u00a0<strong>[2]<\/strong><\/p>\n<p>Why can\u2019t the current grid handle the increased demand the US is placing on it? Well, society has evolved in many ways.<\/p>\n<p>From mobile technology to electric vehicles, the amount of energy the US is demanding in the 21<sup>st<\/sup> century has surpassed the capacity the current grid can offer in an effective and efficient manner. Thus, the US needs a smarter grid \u2013 a grid that can utilize the internet to allow two-way communication between utility providers and consumers. The communication channels will ensure the supply of energy can meet consumer demand, especially during events that cause a disruption in the distribution network as seen in the video below.\u00a0<strong>[3]<\/strong><\/p>\n<p><iframe loading=\"lazy\" title=\"What Is the Smart Grid?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/JwRTpWZReJk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Okay, and what is this I hear about Smart Meters?<\/strong><\/p>\n<p>The SG is supported by various components. One of the foundational components is the smart meter, which is an innovation of the traditional electricity meter. The smart meter is connected to the internet, enabling two-way communication and data transmission between utility companies and customers. Equally important, smart meters bring a plethora of other benefits such as: giving homeowners control of energy usage, curbing energy usage within the home, saving money through time-of-use rates (e.g., off and on-peak rates), creating efficient electricity transmission, and supporting a platform for the \u201csmart\u201d home.\u00a0<strong>[4]<\/strong> It is important to note that smart meters are not limited to the electric grid. Smart meters also exist for gas and water utilities \u2013 each an area that Itron specializes in.<br \/>\n<a href=\"https:\/\/d3.harvard.edu\/platform-rctom\/wp-content\/uploads\/sites\/4\/2016\/11\/Picture2-16.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-15494\" src=\"https:\/\/d3.harvard.edu\/platform-rctom\/wp-content\/uploads\/sites\/4\/2016\/11\/Picture2-16-1024x475.png\" alt=\"picture2\" width=\"640\" height=\"297\" srcset=\"https:\/\/d3.harvard.edu\/platform-rctom\/wp-content\/uploads\/sites\/4\/2016\/11\/Picture2-16-1024x475.png 1024w, https:\/\/d3.harvard.edu\/platform-rctom\/wp-content\/uploads\/sites\/4\/2016\/11\/Picture2-16-300x139.png 300w, https:\/\/d3.harvard.edu\/platform-rctom\/wp-content\/uploads\/sites\/4\/2016\/11\/Picture2-16-768x356.png 768w, https:\/\/d3.harvard.edu\/platform-rctom\/wp-content\/uploads\/sites\/4\/2016\/11\/Picture2-16-600x278.png 600w, https:\/\/d3.harvard.edu\/platform-rctom\/wp-content\/uploads\/sites\/4\/2016\/11\/Picture2-16.png 1053w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p><strong>Itron\u2019s Model and Their Role in the Active Grid<\/strong><\/p>\n<p>Itron is a global company that supplies electric, water, and gas smart meters to 8,000 customers across 100 countries.\u00a0<strong>[5]<\/strong> Additionally, Itron provides services to help collect, analyze, and manage the data that is collected from their smart meters.<\/p>\n<p>Itron recognized the SG was not ambitious enough to meet the growing energy demands of consumers. As a result, the company introduced its OpenWay Riva (OWR) platform that leverages the Internet of Things in early 2016 to empower the electric grid to make decisions and to respond to changing conditions in real-time.\u00a0<strong>[6]<\/strong> OWR forms the foundation for what Itron has championed as the Active Grid (AG). The AG also leverages machine-to-machine communications, multi-application network architecture, cloud computing, data analytics, and a new generation of battery-powered edge devices and sensors that help drive real-time decisions that impact the distribution network.\u00a0<strong>[7]<\/strong> Furthermore, the AG will help create \u201clocal power pools\u201d that help distribute energy and eliminate the risk of wasting energy through communication, collaboration, and coordination in real-time. <strong>[7]<\/strong> Itron\u2019s efforts to transform the SG into an AG are in the early stages, but Itron also understands that it must strategically partner with other organizations to form the distribution ecosystem of the future. The video below provides further details and benefits about the AG. <strong>[8]<\/strong><\/p>\n<p><iframe loading=\"lazy\" title=\"Welcome to the Active Grid\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/u4CkiqTFCYw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>The Future at Itron: Suggested Considerations and Next Steps<\/strong><\/p>\n<p>As Itron leverages the technological shifts that are occurring to make the AG a near-term reality and the SG \u201chistorical\u201d, it must address the areas of concern noted below.<\/p>\n<ol>\n<li><strong>Secure Buy-in from Energy Utility Companies:<\/strong> The early adoption of Smart Meters \u2013 a necessary component of the SG and AG \u2013 was fueled by American Recovery and Reinvestment Act of 2009 that provided the Department of energy with $4.5 billion dollars to modernize the electric power grid. <strong>[9]<\/strong> Now that the funds have been distributed and used, Itron must consider what financial barriers this will create for the Utility Companies\u2019 willingness to implement the technology Itron needs to pursue an AG.<\/li>\n<li><strong>Engage Federal and Local Governments Immediately:<\/strong> Per Itron\u2019s 2016 Resourcefulness Index, 53% of utility executives said government regulation delays investment and 71% of consumers recognize that new \u2013 or potentially new- government regulations are concern. <strong>[10]<\/strong> Hence, Itron must determine how it can work closely with utility companies to help navigate and expedite the lengthy government regulations.<\/li>\n<li><strong>Create a Secure AG:<\/strong> 75% of consumers are concerned about data privacy and 71% are worried about cybersecurity attacks on utility systems. <strong>[10]\u00a0<\/strong>Itron must continue to develop technologies that enable and enhance cybersecurity features among the AG to protect consumer information.<\/li>\n<\/ol>\n<p><strong>Word Count: 776<\/strong><\/p>\n<p><strong>Sources: <\/strong><\/p>\n<p><strong>[1]<\/strong> Energy.Gov, \u201c Title XIII &#8211; Statement of Policy on Modernization of Electricity Grid\u201d, <a href=\"http:\/\/energy.gov\/oe\/downloads\/title-xiii-smart-grid-sec-1301-1308-statement-policy-modernization-electricity-grid\">http:\/\/energy.gov\/oe\/downloads\/title-xiii-smart-grid-sec-1301-1308-statement-policy-modernization-electricity-grid<\/a>, accessed November 2016.<\/p>\n<p><strong>[2] <\/strong>Smart Grid.Gov, \u201cWhat is the Smart Grid?\u201d, <a href=\"https:\/\/www.smartgrid.gov\/the_smart_grid\/smart_grid.html\">https:\/\/www.smartgrid.gov\/the_smart_grid\/smart_grid.html<\/a>, accessed November 2016.<\/p>\n<p><strong>[3] <\/strong>U.S. Department of Energy, \u201cWhat is the Smart Grid?\u201d, YouTube, Published June 4, 2013, <a href=\"https:\/\/youtu.be\/JwRTpWZReJk\">https:\/\/youtu.be\/JwRTpWZReJk<\/a>, accessed November 2016.<\/p>\n<p><strong>[4] <\/strong>Hoiland, Joel, \u201cSmart Meters Equal Cost Savings,\u201d Transmission and Distribution World, August 2011,63,8, pg.20, ABI\/INFORM via ProQuest, accessed November 2016.<\/p>\n<p><strong>[5] <\/strong>Itron, Q3 2016 Investor Presentation, p.6, <a href=\"http:\/\/investors.itron.com\/common\/download\/download.cfm?companyid=ITRI&amp;fileid=916631&amp;filekey=83837093-6D85-4E96-B689-755674BE10DA&amp;filename=Itron_Investor_Presentation_-_November_2016.pdf\">http:\/\/investors.itron.com\/common\/download\/download.cfm?companyid=ITRI&amp;fileid=916631&amp;filekey=83837093-6D85-4E96-B689-755674BE10DA&amp;filename=Itron_Investor_Presentation_-_November_2016.pdf<\/a>, accessed November 2016.<\/p>\n<p><strong>[6] <\/strong>Itron, Wolf, Tim, \u201cPutting Smart in the Right Place\u201d, <a href=\"https:\/\/www.itron.com\/na\/-\/media\/itron\/documents\/openway-riva-white-paper.pdf?la=en-US\">https:\/\/www.itron.com\/na\/-\/media\/itron\/documents\/openway-riva-white-paper.pdf?la=en-US<\/a>, accessed November 2016.<\/p>\n<p><strong>[7] <\/strong>Itron, \u201cWelcome to the Active Grid\u201d, <a href=\"https:\/\/www.itron.com\/na\/-\/media\/itron\/documents\/welcome-to-the-active-grid-web.pdf?la=en-US\">https:\/\/www.itron.com\/na\/-\/media\/itron\/documents\/welcome-to-the-active-grid-web.pdf?la=en-US<\/a>, accessed November 2016.<\/p>\n<p><strong>[8] <\/strong>Itron, \u201cWelcome to the Active Grid\u201d, YouTube, Published June 24, 2016, <a href=\"https:\/\/youtu.be\/u4CkiqTFCYw\">https:\/\/youtu.be\/u4CkiqTFCYw<\/a>, accessed November 2016.<\/p>\n<p><strong>[9] <\/strong>Energy. Gov, \u201cRecovery Act: Smart Grid Investment (SGIG) Program\u201d, <a href=\"http:\/\/energy.gov\/oe\/information-center\/recovery-act-smart-grid-investment-grant-sgig-program\">http:\/\/energy.gov\/oe\/information-center\/recovery-act-smart-grid-investment-grant-sgig-program<\/a>, accessed November 2016.<\/p>\n<p><strong>[10] <\/strong>Itron, \u201c2016 Resourcefulness Index\u201d, <a href=\"https:\/\/www.itron.com\/na\/about\/resourcefulness\">https:\/\/www.itron.com\/na\/about\/resourcefulness#<\/a>, accessed November 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Itron \u2013 a smart meter company \u2013 is taking the next step to evolve the Smart Grid into an \u201cActive\u201d grid. Will Itron succeed?<\/p>\n","protected":false},"author":1916,"featured_media":15505,"comment_status":"open","ping_status":"closed","template":"","categories":[],"class_list":["post-15307","hck-submission","type-hck-submission","status-publish","has-post-thumbnail","hentry"],"connected_submission_link":"https:\/\/d3.harvard.edu\/platform-rctom\/assignment\/digitization-challenge-2016\/","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Are Smarter Meters Smarter Readers? 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