Jerry Ou, director general of Taiwan’s Ministry of Economic Affairs’ Energy Bureau, has said that before the Asia Pacific Economic Cooperation (APEC) region can experience the environmental and economic benefits of renewable energy, the region needs to bolster its Smart Grid deployment.

He said that Smart Grid deployment is a key factor in increasing the adoption rate of renewable energy. Ou said: ”The adoption of renewable energy technologies and the deployment of Advanced Metering Infrastructure (AMI) and smart grids are potential solutions for energy crises and environmental protection.”

In 2010, installed smart meters worldwide were valued at $4.3bn, and expected to reach $15.2bn by 2016. About 12 million smart meters are deployed within APEC economies.

Tom Lee, chair of the APEC Expert Group on New and Renewable Energy Technologies, said: “We need a new kind of electric grid capable of delivering renewable energy sources. We need a grid that can automate and manage the increasing complexities and electrical needs of the 21st century.”

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