mPhase Technologies,
Inc. (OTCBB:XDSL - News) participated on the Thought Leadership Panel at
the Smart Grid Implementation Summit last Wednesday along with General Electric,
Intel, and Deloitte. The discussion highlighted key developments in energy storage
technology and the importance of batteries in smart grid architecture. mPhase
described its Smart NanoBattery and applications that could enhance the way
smart grids function.
The Thought Leadership Panel on Smart Grid Technology was led by Deloitte with
GE and Intel discussing hardware requirements and communication needs and capabilities
for smart grids, while mPhase talked about energy storage solutions, focusing
on batteries. In its current form, the Smart NanoBattery could provide always
ready emergency backup power to electrical devices employed in the smart grid,
such as sensors and actuators.
Three elements of batteries were discussed in relation to smart grid architecture:
demand response, distributed energy, and reserve power. The mPhase Smart NanoBattery
may have an opportunity to make a significant impact with reserve power. In
the event of a power grid going down or becoming disabled, battery power is
required to ensure that mission critical operations, such as hospitals, data
centers, security systems, etc, continue to operate without interruption. Reliability
over extended periods of time is of the utmost importance in these situations.
With a potentially infinite shelf life and the ability to program usage life,
the Smart NanoBattery can help improve smart grid security, interoperability
and networking.
Said mPhase CEO Ron Durando, "The Smart Grid Implementation Summit was
a success in that we were able to present our technology to key leaders involved
in smart grid design and standardization. I think we showed that mPhase and
the Smart NanoBattery present a real value to emerging smart grids and the large
corporations that will be leading the way."
According to a new report from industry analyst firm NanoMarkets, the demand
for battery and supercapacitor storage systems for smart grid applications will
grow from U.S. $1.5 billion in 2012 to $8.3 billion in 2016. Their report "Batteries
and Ultra-Capacitors for the Smart Power Grid: Market Opportunities 2009-2016,"
quantifies the opportunities for electrical storage under the emerging "smart
grid applications" business category. In addition, the principal energy
storage appropriations included in the American Recovery and Reinvestment Act
of 2009 (ARRA) totaled $7.3 billion. These appropriations will be dispersed
directly to companies that can directly contribute to the development of smart
grid architecture, including advanced lithium ion batteries, and is a direct
result of the nation's administration's focus on modernizing the electric grid.
The Smart Grid Implementation Summit took place from August 17-19 and over
sixty executives from utilities, technology providers, trade associations, and
standards development organizations were in. U.S. Energy Secretary Steven Chu
and Commerce Secretary Gary Locke led this year's conference.
Posted August 24th, 2009
