Armonk, NY and Copenhagen, Denmark & COPENHAGEN, Denmark – 13 Oct 2011: IBM today announced it has joined a collaborative consortium to help develop an energy grid that uses at least 50 percent of renewable energy sources, such as wind power, solar energy and biogas. Led by a European Union-funded consortium, the EcoGrid EU project will demonstrate a smart energy grid that will allow smart devices to use renewable electricity based on near real-time pricing and availability.
The EcoGrid EU project will be piloted on the Danish island of Bornholm with 2,000 residents and commercial users, representing approximately every tenth house on the island. Using smart meters and a Web-based app, that runs on smartphones, tablets and PCs, consumers can schedule when to purchase electricity online and at what price. Project scientists believe that by making this data easily available, eco-conscious Danes will choose to purchase renewable energy over fossil fuels, which will result in cost savings. The portal will also enable utilities to manage pricing based on supply, demand and available storage capacity. Selected participants will begin the testing phase towards the end of next year. (more…)