The Expanding Smart Cities Market

Published on Wednesday, 5 March 2014

According to a new study by Frost & Sullivan spending on smart technologies for the development of smart cities will greatly rise over the next few years, reaching an estimated $1.565billion by 2020.

In the United States and Europe 26 large smart cities will be developed by 2025, each equipped with modern energy management and distribution infrastructure and networks and aimed at both distributed energy generation and the integration of renewable energy. 

The increased use of renewable energy will mean that the network will need to be adjusted in order to support the greater flow of energy coming from the large number of large and small production plants, enabling the flexible integration and management of two-way energy flows, which differ in terms of quantity, quality, origin and programmability.

Enel is committed to this work. The Group is taking part in several domestic and international projects for the development of innovations for smart grids and smart cities, both in Europe and Latin America. In Italy the first cities to be involved were Genoa and Bari, but memoranda of understanding have also been signed with other Italian cities and foundations, such as Bologna, Pisa and the Turin Smart City Foundation. Moreover, the Group is carrying out -edge smart city cutting projects in Spain (Malaga and Barcelona), in Brazil (Bouzios) and in Chile (Santiago).

The most recent agreement was a memorandum of understanding signed by Enel CEO Fulvio Conti and José Luis Fernàndez Zayas, the Executive Director of the Instituto de Investigaciones Eléctricas, the Mexican electricity research institute, for cooperation in the field of geothermal generation and smart grids. The agreement is aimed at exchanging information and experience in the realisation of pilot projects.