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A smart grid is a critical foundation for reducing greenhouse gas emissions and transitioning to a low-carbon economy. A smart grid entails technology applications that will allow an easier integration and higher penetration of renewable energy. It will be essential for accelerating the development and widespread usage of plug-in hybrid electric vehicles (PHEVs) and their potential use as storage for the grid. Certainly, PHEVs have been of great interest in the Congress. Smart meters are a key component in the smart grid system that can help utilities balance demand, reduce expensive peak power use and provide a better deal for consumers by allowing them to see and respond to real-time pricing information through in-home displays, smart thermostats and appliances.
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please answer the Question below: Q: Describe how a smart grid differs from the (normal electrical grid) system currently in use.
smart grid, power system please don't answer if you not sure 15. The cost to install numerous smart grid applications in Fresno is $40,000,000 in year 0. Engineers expect that the benefits for installing the applications will be $2,000,000 annually for the next 15 years. If the standard rate of return is 8%, should the utility company implement the smart grid applications? Support your response with calculations a) b) How much annual savings (nearest million would be required to make...
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