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NorthEast Group recently released a report that from 2018 to 2027, Australia and New Zealand will invest in smart grid infrastructure of US$6.
1 billion
.
According to the report, smart grid investments will be primarily used to improve the operations of utility companies and help countries ensure the reliability of their grids is not affected
by blackouts.
Smart grid investments will focus on improving smart meter metering, battery storage, advanced storage, and grid communications to help utilities improve their energy billing, clean energy mix, and grid management
.
Ben Gardner, Group Chief Executive of NorthEast, said: "The recent blackout crisis in South Australia has reinforced the importance of
smart infrastructure investment in the power sector.
Smart grid infrastructure investments are happening not only in South Australia, but across Australia and New Zealand
.
With the exception of metering in New Zealand and Victoria, Australia, the market opportunity is largely open to suppliers, which have largely completed the rollout
of smart meters.
The rest of Australia will begin rolling out smart meters on a large scale in the coming years, while other smart grid markets, such as the battery storage market, are starting to accelerate in
the region.
”
NorthEast Group said the Australian and New Zealand government's smart grid regulations would continue to play an important role
in smart grid investment growth between 2017 and 2027.
At the same time, the government will strengthen the regulation of smart grids to increase competition
among smart meter service providers.
The smart grid market in New Zealand and Australia is expected to be dominated by international vendors and seek opportunities
in some electric vehicle markets.
NorthEast Group recently released a report that from 2018 to 2027, Australia and New Zealand will invest in smart grid infrastructure of US$6.
1 billion
.
According to the report, smart grid investments will be primarily used to improve the operations of utility companies and help countries ensure the reliability of their grids is not affected
by blackouts.
Smart grid investments will focus on improving smart meter metering, battery storage, advanced storage, and grid communications to help utilities improve their energy billing, clean energy mix, and grid management
.
Ben Gardner, Group Chief Executive of NorthEast, said: "The recent blackout crisis in South Australia has reinforced the importance of
smart infrastructure investment in the power sector.
Smart grid infrastructure investments are happening not only in South Australia, but across Australia and New Zealand
.
With the exception of metering in New Zealand and Victoria, Australia, the market opportunity is largely open to suppliers, which have largely completed the rollout
of smart meters.
The rest of Australia will begin rolling out smart meters on a large scale in the coming years, while other smart grid markets, such as the battery storage market, are starting to accelerate in
the region.
”
NorthEast Group said the Australian and New Zealand government's smart grid regulations would continue to play an important role
in smart grid investment growth between 2017 and 2027.
At the same time, the government will strengthen the regulation of smart grids to increase competition
among smart meter service providers.
The smart grid market in New Zealand and Australia is expected to be dominated by international vendors and seek opportunities
in some electric vehicle markets.
