The EU has ambitious plans for more efficient energy usage across the continent that integrates renewable sources into a secure power grid that emits far less CO2.  These goals, if they are to be reached by 2020, are heavily dependent on a successful smart grid deployment.

The smart grid will bring about a number of improvements to the power industry including the ability to include renewable sources.  Consumers will have a far better handle on how they are using energy through the use of a smart meter or display unit and utilities will have much more visibility into the level of supply and demand with the networked smart grid architecture.

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