News

By 2035 smart grids to be financed with EUR 10 billion

Published

February 22, 2016

Comments

0

Share

Published:

February 22, 2016

Comments:

0

Share

“Europe plans to invest EUR 400 billion in smart grids by 2050. In Turkey, we estimate that this volume will be around EUR 10 billion by 2035,” Uğur Yüksel, secretary general of the Electricity Distribution Association (Elder) told Anadolu Agency, as reported by its Energy Terminal.

The introduction of smart grids to Turkey’s energy sector will prevent power cuts through automatic measuring systems by conducting situation analysis and providing grid reliability by controlling overloads and failures. He stated the durability of the electricity network will be increased that and the continuity of energy supplies will be combined with more energy efficiency. With the aim of introducing smart grids, out of Turkey’s 21 electricity distribution companies, nine companies are preparing through a consortium to realize ‘Turkey’s Smart Grids Roadmap to 2020’ project, Yüksel explained.

“In that regard, we aim for maximum use of local technology. This project will last 16 months and methodology along with schedule to transition to smart grids will be determined during that process,” Yüksel explained. The grid allows for the introduction of renewable energy resources into the system and offers many benefits to utilities and consumers – mostly seen in improvements in energy efficiency and reliability on the electricity grid and in energy conservation in users’ homes and offices.

Related Articles

Finnish startup Cactos retrofitting old Tesla batteries other energy storage uses

Finnish startup retrofitting old Tesla batteries for other energy storage uses

01 December 2022 - Cactos from Finland gives alternative purposes to second-life electric vehicle batteries, with the help of its cloud-based software

INA intends to produce green hydrogen at Rijeka oil refinery

INA intends to produce green hydrogen at Rijeka oil refinery

30 November 2022 - The green hydrogen will be used to supply the transport sector in Croatia and for the refinery’s own consumption

Turkey new energy storage regulation to spur unseen investment boom

Turkey’s new energy storage regulation to spur unseen investment boom

30 November 2022 - EMRA Chair Mustafa Yılmaz said applications came in for storage in combination with renewables with a stunning 67.3 GW in total capacity

HERMANN Petr_interview_Schneider Electric BGEN

Future of successful businesses relies on their digital transformation

30 November 2022 - Digitalisation changes everything because it connects all processes and provides a complete result, notes Petr...