This is the broadest and best measurement for smart grid projects
Seattle, WA (PRWEB) March 16, 2009
Global Smart Energy, the publisher of SmartGridNews.com, today announced a system that makes sure stimulus funds targeted at the smart grid are deployed efficiently and effectively.
Based on 23 key criteria in four categories, the Smart Grid Stimulus Scorecard objectively rates any proposal that seeks government monies from the American Recovery and Reinvestment Act.
"This is the broadest and best measurement for smart grid projects," explains Jesse Berst, Managing Director of Global Smart Energy and founding editor of Smart Grid News (SmartGridNews.com). "The stimulus package is the biggest spending bill since World War II, and its smart grid provisions can create both short-term jobs and a long-term legacy - but only if we spend the money quickly and wisely. The Scorecard is a way to rate projects and make sure they haven't left out important pieces. It's a matter of accountability - there's nothing worse in this economy than wasted public spending."
Adds Smart Grid News managing editor Philip Bane: "So many companies want Washington's money but they overlook key issues - like putting consumers first, like the practical challenges of managing a project on time and on budget, and like coming up with the required 50 percent in matching funds. Our Scorecard keeps it real for everybody."
Helping Consumers, Utilities, the Nation and the Planet
The Smart Grid Stimulus Scorecard sets a simple but strong standard: new government-funded smart grid projects must help consumers, utilities, the nation and the planet.
A project is deemed beneficial for consumers if it:
- Empowers consumers via participation, visibility, control and choice
- Lowers bills for all customers
- Includes all classes of customers
- Has tangible and measurable benefits
- Creates an upgradeable, expandable platform for lasting growth and value
A project is deemed beneficial for utilities if it is:
- Open, interoperable and secure
- Planned and managed with proven systems engineering ("ecosystem") techniques
- Replicable so we don't have to reinvent the wheel in years ahead
- Regional in scale (not isolated to one small area)
- Resilient by improving system stability
- Backed up by a rigorous cost/benefit analysis
A project is deemed beneficial for the nation if it:
- Creates short-term jobs
- Creates long-term economic benefits
- Provides accountability and transparency
- Is above and beyond what was planned already
- Has a sophisticated implementation plan and team
- Has a plan for raising the matching funds
A project is deemed beneficial for the planet, if it:
- Helps the environment
- Enables renewable energy by using more wind and solar and other renewable sources
- Enhances demand response to substitute lowered demand in place of increased generation
- Improves energy efficiency
Further details, a Smart Grid Stimulus Tool Kit and free, downloadable versions of the Smart Grid Stimulus Scorecard can be found at http://www.smartgridnews.com.
In addition, the Scorecard will be distributed to legislators and policymakers in Washington DC, all 50 state governors and their staffs, state and local regulators as well as utility executives throughout the country. And look for weekly Smart Grid News updates on how smart grid stimulus dollars are being spent throughout the country.
About Global Smart Energy:
Smart Energy, already a $40 billion industry, is growing dramatically as the world shifts to cleaner, more efficient ways to make electricity and transport people. Investment and VC funds, leading vendors, utilities and government agencies turn to Global Smart Energy for research, analysis and counsel when exploring new investments, markets and economic development opportunities.
About Smart Grid News:
Smart Grid News is the authoritative online information and analysis center for insiders focused on the modernization and automation of electric power.