You learn something new every day!

June 15, 2011

Steve Stroud, SIOR, Chairman of NAI Carolantic Realty

Isn’t it great to learn something new every day…especially as it relates to our Region of North Carolina?  I was reading an article recently from the NC Department of Commerce  and wanted to share it with you.  The article indicated that according to a recent study prepared for the Research Triangle Regional Partnership (RTRP) and funded by NC State University’s Institute for Emerging Issues faculty fellow program found that North Carolina is a hub for smart grid companies.  According to the report, titled Smart Grid: Core Firms in the Research Triangle Region, NC states, “The Research Triangle Region and state of North Carolina have a unique opportunity not only to invent, manufacture and sell smart grid technologies to the world, but also to apply them at home.  The merger of Duke Energy and Progress Energy, creating the nation’s largest utility, may offer economies of scale that can facilitate smart grid deployment.”

The article went on to say the proposed smart grids hold the potential for utilities and customers to manage electrical usage more efficiently.  A smart grid would potentially enable the US power system to avoid power outages and blackouts.  Only California has substantially more facilities that develop, manufacture or service smart grid technologies.

The Research Triangle is home to the headquarters of five lead companies, making it second in the nation, and approximately 59 core smart grid firms with 101 locations that develop or manufacture relevant hardware and software, or perform other smart grid-related services.  These companies employ nearly 3,000 people.  Of the eight smart grid technology categories identified by the International Energy Agency, the Triangle’s largest concentration is in information and communications technology integration.

Knowing this fact about our Region can only help us as we talk with clients around the country and the world about all the advantages of living and working in the Triangle.  Let’s never stop learning.