U.S based multinational tech giant IBM announced last week that it is participating in a new collaborative effort, aimed at developing power grids capable of deriving power from renewable energy sources.
The new initiative was kick-started by a European Union backed consortium, dubbed the EcoGrid EU project. The project is expected to introduce new-generation power grids which will generate power simply by exploiting renewable power sources such as solar energy, wind power, biogas etc.
The EcoGrid EU project will be first evaluated on Bornholm -- an island in Denmark with almost 2,000 commercial users as well as residents participating in the pilot program. When, and if implemented upon, the new technology will allow consumers to schedule their purchase of electricity according to their own convenience.
The EcoGrid project is a part of the European Union’s larger ambitions of lowering the emission of greenhouse gas by at least 20 percent.
"EcoGrid EU is an incredibly promising pilot project, in which Bornholm will become a test island in the future intelligent electricity system," Lykke Friis, the former Minister for Climate and Energy, Denmark said in a statement.
"The results will not only be usable in Denmark and Europe, but all over the world. We need an intelligent electricity system which can integrate more wind power and other renewable energy sources,” he added.