In recent years, solar systems and windmills have been the hottest trends among citizens – as “must-buy” things. Have you always dreamed of going green and making some extra cash on it? Take this 46-year-old Australian as an excellent example. Sam Randall is not merely a dilettante when it comes to smart energy production. A few years ago, he installed a solar energy system and now supplies energy to his whole neighborhood. He hasn't only cut his bills, but made the government pay him for his investment. Cutting down on air pollution and carbon emissions come along as another huge benefit of Sam's hard work.
There is still a lot of work to be done. Most importantly, governments need to find a smarter, better way towards energy management. There have been a number of ambitious energy projects, and some of them are quite progressive.
According to the World Bank, two-thirds of the world's population will be living in cities by 2045. Coping with this rapid growth will take a radical rethink of the way cities are powered. New methods have to be implemented to manage cities and make them more energy efficient. The convergence between power grids and smart technologies will lead to a new ecosystem of services that will enable a better quality of life and reduced electricity consumption.
Countries like Germany, China, Japan and Australia have taken a high leap towards smart electricity not only in terms of consumption but production as well. Smart energy is an essential part of the journey to get closer to the goal of smart cities – cities of the future.
According to Navigant Research, global smart energy for smart cities technology revenue is expected to grow from $7.3 billion in 2015 to $20.9 billion in 2024. However, smart energy for smart cities has several economic and technical barriers inhibiting its development. Join us at the Asia Pacific Smart Cities Forum on the 27 th-28th of September.
At the #AsiaSmartCities16,
Megat Jalaluddin Megat Hassan, the distinguished speaker from Tenaga Nasional Berhad who serves as Chief Strategy Officer, will talk about TNB's vision of a sustainable future for Malaysia's energy market.