Progress Energy seeks to add ‘Smart Grid’ in Florida
Progress Energy announced that it applied for $200 million in U.S. Department of Energy (DOE) federal infrastructure funds for the development of an electric Smart Grid in the Carolinas and Florida. The DOE grant would be shared equally between the two states.
A “Smart Grid” is a modernized digital electric transmission and distribution system that delivers detailed, real-time energy use information to customers.
Progress Energy is investing in Smart Grid because the electric grid of the future must engage with customers, and allow them to make better educated energy consumption decisions.
The state-of-the-art grid allows utility companies and consumers to monitor and adjust their electricity use, while providing increased flexibly to integrate new renewable energy resources such as solar and wind power, energy storage devices and electric vehicles. It also helps minimize interruptions in electrical service during storms and other routine power outages.
To enhance the electricity delivery, Progress Energy is already investing in Smart Grid technology throughout it’s network of about 11,000 miles of electric transmission lines and 100,000 miles of distribution lines across 54,000 square miles in the Carolinas and Florida.
“Smart Grid will enhance power quality and service reliability while helping us secure the energy future for our customers,” said Bill Johnson, chairman, president and CEO of Progress Energy. “Our company is committed to a balanced solution strategy to meet the future energy needs of our customers at a time of rising energy costs and concerns about climate change. This balanced approach includes aggressive energy efficiency, investments in renewable and alternative energy, and state-of-the-art plants and facilities. The Smart Grid is a fundamental tool to help us meet these objectives.”
In pursuit of the DOE grant, Progress Energy has partnered with IBM and Telvent. IBM is supplying optimization software and services for coordination and prioritization of advanced load shaping and efficiency. Telvent is providing the Smart Grid with real-time data gathering capabilities and detailed grid reports.