Multipower Smartgrids, Europe's Industry booster

by SOLARLIFE | May 12, 2008 at 10:44 pm

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Power sharing Smartgrid

The grids built in the 1950s and 1960s were designed
for power to effectively be poured in at the top --
big central generation.
This power then went through transmissions systems
and then smaller wires for distribution to the home.

Instead of energy just being pumped one-way down
wires and into homes, SmartGrids envisions a two-way
flow of electricity, where customers -- big and small
-- not only receive energy but also generate it
themselves and, when necessary, make it avialable to
the grid.
The buyer gets the seller. Smart grid
works like internet for "digital energy storage"
in buildings. Investment could boost industry

with 2500 bn euros estimated investment.

"The grids built in the 1950s and 1960s were designed for power to effectively be poured in at the top -- big central generation. This power then went through transmissions systems and then smaller wires for distribution to the home," Botting told CNN.

Instead of energy just being pumped one-way down wires and into homes, SmartGrids envisions a two-way flow of electricity, where customers -- big and small -- not only receive energy but also generate it themselves and, when necessary, make it available to the grid.