Takeaways from the European Commissions smart grid report

According to the news provider, roughly $4.28 billion US have been invested by 28 member states collectively in Europe, which includes an estimated $646 million from relatively new projects that were launched since the last time the commission conducted a similar study.

The report also revealed several interesting findings in terms of the costs of each component of smart grid projects. GreenTech Media affirmed that smart metering took up among the least amount of expenditures, while smart network management and smart customer and smart home investments were at the top of the list for budgetary allocations. Furthermore, the commission found that the majority of smart grid investments could be found in northern and central European member states.

To ensure the long-term integrity and security of investments in this area, smart grid managers will need to utilize proven tools such as serial-to-Ethernet converters.

Perle offers a range of cost effective serial-to-Ethernet converters to help meet NERC-CIP compliance for the protection of critical cyberassets in substations. The IOLAN SDS HV/LDC Terminal Server is designed to meet harsh environments associated with Power Substations with attributes such as support for substation AC and DC voltage ranges, extended operating temperatures and meeting emission, immunity and safety approvals associated with substation IT equipment.