|FOR IMMEDIATE RELEASE
February 3, 2014
Anna Humphrey | (703) 875-4357
USTDA TO HIGHLIGHT GLOBAL SMART GRID OPPORTUNITIES IN FEBRUARY
ARLINGTON, VA – This month, USTDA will be exploring the latest advances in energy efficiency by highlighting global opportunities in the smart grid sector. Compared to traditional electricity transmission and distribution, the benefits from smart grid investments can be realized much quicker, and at a much lower cost, resulting in savings that put less demand on utilities for the supply of new power generation. Equally important, smart grid technologies also enable utilities to integrate power from renewable energy sources into the electrical grid.
While there have been many opportunities for grid modernization projects in the United States in recent years, the global electricity transmission and distribution market, which is forecast to reach nearly $500 billion over the next seven years, is increasingly concentrated outside U.S. borders.1 Indeed, USTDA increasingly receives requests to support grid modernization activities in the developing and middle-income countries where we work. U.S. firms are highly competitive in the smart grid market and are in good position to assist overseas utilities reduce losses, save costs, and improve resiliency.
To help link U.S. businesses to these opportunities, USTDA will team up with domestic and international partners to host two smart grid events in February. The U.S -Colombia Smart Grid Workshop, held in Bogota on February 11 and 12, will bring together U.S. and Columbian power sector stakeholders to discuss opportunities to collaborate on state-of-the-art electricity transmission and distribution projects throughout the country.
On February 28, we will host the first in a series of sector-specific Trade Talks at our headquarters in Arlington, VA. Trade Talk: Smart Grid will inform U.S. business on how to connect with global smart grid opportunities. Attendees can participate in person or via webinar.
We hope you will join us for these events or tune into our social media outlets throughout February to learn the latest about global smart grid opportunities. If you're not already doing so, you can find us on both Twitter and Facebook, and sign up for our monthly eNewsletter, Trade Posts. And as always, you can also learn more about our mission, programs and activities at www.ustda.gov.
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The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.
1 Navigant Research, "Smart Grid: 10 Trends to Watch in 2013 and Beyond," published 1Q 2013, available at: http://www.navigantresearch.com/research/smart-grid-10-trends-to-watch-in-2013-and-beyond.
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