Intelligent application

Stockholm Royal Seaport is one of the first large smart grid projects in Sweden. An urban area of three districts, including the port, will be rebuilt based on new smart city criteria. Local generation of renewable energy, life in smart houses and the use of electric vehicles (EV) are only some of modern technologies which will be used for the sustainable city. ABB is working together with Fortum, one of the biggest Nordic heat and electricity production and distribution companies to help redesign the approach to power distribution. Fortum is exploring the different possibilities for this project which now exist because of the smart grid. A typical need in projects such as this is for a cost/benefit analysis, in this case, of smart grid technologies which can be used to improve network reliability and reduce downtime. Such analyses show that the benefits of intelligent equipment in terms of reduced profit losses and penalties justify the capital investment expenditure.