“European Smart Grid Faces Different Hurdles from United States”
In a bylined article in the October 2008 issue of Natural Gas and Electricity, Booz & Company Principal Rolf Adam and Partner Walter Wintersteller (Europe) argued that public pressure is growing across Europe for the transformation of the traditional electric grid into an intelligent network—a Smart Grid. As such, “a well-defined holistic strategy that takes into account how best to provide value to the customer is the first step in unlocking the commercial possibilities of the Smart Grid,” they wrote. “Only after defining such a strategy should utilities begin to tackle the challenge of choosing the best technology.” Massive investments in transmission and distribution networks are being planned across Europe—up to €200 billion by 2020, with up to €90 billion directly related to investment in Smart Grid technology.