WikiWealth

"Sources of renewable energy is in demand. Denmark, a leader in renewable energy production, has implemented a plan to create a smart grid to handle the next generation of energy grids.

With Denmark aiming for a future target of 50% of electricity generated from wind power, some important questions need to be asked. How should the grid be developed to handle this large and fluctuating energy source? And what effect will all this wind power have on the evolution of the electricity market?

These and other relevant questions have been put by the state-owned body Eneginet.dk, which owns the national electricity infrastructure, to leading Danish and foreign consultants in a project called EcoGrid.dk.

Phase 1 of this project has now been completed and the conclusion is clear, reports Energinet.dk on its website: the challenges from wind power demand a re-evaluation of the entire design of the Danish electricity grid over the next 10 to 15 years.

The solutions will be complex and interconnected, and the major challenge for Energinet.dk will not only be to identify and develop technical solutions, but also to create an optimum economic balance among the solutions with regard to security of supply and environmental friendliness.

Phase 2 of EcoGrid will be to accumulate a raft of knowledge and technical solutions, which will then be applied in Phase 3 where a large-scale demonstration of chosen solutions will be tested on the Danish island of Bornholm, which has a population of around 4,000 people.

Denmark's plan would not only create new energy sources, but it would allow new energy-related jobs to evolve from Denmark's energy technological leadership position. The revenues from technology sales and expertise would help improve the economy over the long term and lower their energy bills in the short term."

Source:

http://www.denmark.dk/en/servicemenu/News/Environment-Energy-Climate-News/EnerginetdkPlansDenmarksFutureSmartGridInEcoGridProject.htm