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Duke & Cisco Team for Smart-Grids – Analyst Blog
Zacks Market Commentaries (June 16th, 2009) Writes:
Diversified utility Duke Energy (DUK), the 3rd largest electric utility in the U.S., announced a three-year partnership with Cisco Systems (CSCO), the world's largest network communications company, to co-develop an advanced modern electric "smart grid."
What is a Smart-Grid?
"Smart-grids" deliver electricity from suppliers to consumers using digital technology to save energy, reduce costs and increase reliability. Many global governments are promoting such a modernized electricity network as a means of increasing energy independence and reducing global warming issues.
An electricity grid is not a single entity but an aggregate of multiple networks and multiple power generation companies with multiple operators employing varying levels of communication and coordination, most of which are manually controlled.
Smart grids increase the connectivity, automation and coordination between suppliers, consumers and networks, which perform either long distance transmission or local
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