2018-2027 Australia and New Zealand invest in smart grid will reach $ 6.1 billion
The NorthEast Group recently released a report that Australia and New Zealand's investment in smart grid infrastructure will reach $6.1 billion in 2018-2027. The report believes that smart grid investment will be mainly used to improve the operation of utility companies and provide assistance to countries to ensure the reliability of their grid is not affected by power outages. Smart grid investments will focus on improving smart metering, battery storage, advanced storage and grid communications to help utilities improve their energy billing, clean energy portfolio and grid management. Ben Gardner, president of the NorthEast Group, said: “The recent blackout crisis in South Australia has strengthened the importance of smart infrastructure investment in the power industry. Smart grid infrastructure investments are not only in South Australia but also in Australia and New Zealand. Except in New Zealand and Victoria, Australia In addition to the measurement carried out by the state, market opportunities are largely open to suppliers, and these states have basically completed the introduction of smart meters. Other regions in Australia will begin to launch smart meters on a large scale in the next few years, while other smart grid markets ( Such as the battery storage market) began to accelerate development in the region." The NorthEast Group said that the Australian and New Zealand government's smart grid regulations will continue to play an important role in smart grid investment growth from 2017 to 2027. At the same time, the government will strengthen supervision of smart grids to increase competition among smart meter service providers. The smart grid market in New Zealand and Australia is expected to be dominated by international suppliers and seek opportunities in some electric vehicle markets.
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