in News Departments > New & Noteworthy
print the content item

Russia's smart grid market is poised to grow from $5.5 billion in 2012 to $15.7 billion in 2017, according to a new report from Zpryme.

Russia is the world's third largest consumer of energy. Driven by a unified effort to showcase the country's economic strength during the 2014 Winter Olympics and the 2018 World Cup, Russia is aggressively pursuing much-needed infrastructure investments in its electrical infrastructure, the report says.

Average losses in electric networks in Russia are about 12-14% compared with 4-9% in Europe, and Zpryme says that substantial reduction in grid losses cannot be achieved using current equipment and control mechanisms. New equipment, control principles and better topological layout will, therefore, have to be deployed to drive increases in grid efficiency.

After two decades of deferred investment, in 2010, the nation indicated it was prepared to spend some $15 billion in the next several years to upgrade its utilities using smart grid and energy storage technologies, the report adds.

For more information on Zpryme’s report, click here.




Hse SandyHook
Latest Top Stories

NERC CIP Version 5: Security In The Age Of Cyber Warfare

An expert from Waterfall Security Solutions finds that the latest standards are a leap forward for cybersecurity.


Does Income Determine Who Benefits The Most From Smart Grids?

According to the Smart Grid Consumer Collaborative, low-income consumers may be at a disadvantage.


Accenture And Siemens Form Smart Grid Joint Venture

OMNETRIC Group will help utilities improve energy efficiency, grid operations and reliability.


Maine Public Utilities Commission: Smart Meters Are Safe

According to a report by the commission, there is no direct link between smart meters and health issues.


Report: Global Solar Deployment Topped Wind In 2013

Research firm Clean Edge finds that solar surpassed wind for the first time since it began tracking international markets in 2000.

S&C Electric_id176
edf_id