Turkey will spend $5 billion on smart power grids by 2015 to boost network efficiency, allowing North American companies to expand, the U.S. government said. The U.S. sees “substantial opportunities for closer cooperation between the Turkish government and energy companies and U.S. companies that provide smart-grid technologies,” according to a statement from the consulate in Istanbul, which will hold a conference in the city tomorrow on grid investments. Turkey, forecasting annual power-demand growth of 6.3 percent in the next two decades, has already lured investors including General Electric Co. as its energy industry expands. The country is bucking the trend of most emerging European nations, where retail electricity use trails growth in incomes.
The jump in demand increases the need for smart grids, which allow power generators and users to monitor consumption and reduce costs by saving energy in transmission. Turkey is seeking to boost efficiency of supply after demand grew 5.1 percent last year, while generation expanded only 4.2 percent, according to data from Turkish Electricity Transmission Co.
“If the utilities want to take advantage of this, the accurate metering and billing that smart grids can provide will be vital,” said Chris Rogers, a utilities analyst for Bloomberg Industries in London. “As Turkey becomes richer, more air- conditioning, solar power and electric vehicles will be bought, which also need smart grids to function properly.”
Last modified onSaturday, 06 May 2017 10:07
Latest from Admin TOA
- Melisa Oguzcan Birlesmis Milletlerden bildiriyor
- Melisa Oğuzcan Washington,DC'den bildiriyor. Çavuşoğlu-Blinken görüşmesinden neler çıktı?
- The Latest Turkish-American developments by Melisa Oguzcan from White House
- The Gifted Photographer Joined TURKOFAMERICA Team
- First Syriac Immigrants in the United States