ISTC Catalyst Archives
February 2014Connecting Business and Science Across Campus: University-driven Entrepreneurship
January 2014Opening a Closed Technology Licensing Landscape
November 2013Federal Support for Basic Science & Technology Commercialization: Sparking Economic Growth for Illinois
October 2013Illinois’ Research and Development Tax Credit
September 2013A New Vision for the Illinois Medical District
August 2013Improving Illinois’ SBIR and STTR Competitiveness
July 2013Education Technology
June 2013Open Government & Civic Data
May 2013Immigration and STEM Talent
April 2013Health Innovation and Entrepreneurship
March 2013The App Economy: Driving Illinois’ Technology Economy in New Ways
February 2013A New Era for Smart Grid Innovation in Illinois
January 2013The Rise of the Impact Entrepreneur in Illinois
December 2012Personalized Medicine
November 2012Particle Physics Research: Impact and Applications
October 2012Big Data and Computation
September 2012Health Information Technology
August 2012Food Innovation
July 2012Why RDI Matters to the Illinois Economy
June 2012STEM and Problem-Based Learning
Energy Efficiency and Utilization
“Illinois has quickly become a hub for the R&D, manufacturing, development and financing of smart grid and energy projects. We can use our existing intellectual and human capital to ensure we serve as a model for the rest of the world.”
-Mohammad Shahidehpour, Director of IIT’s Robert W. Galvin Center for Electricity Innovation
Imagine being able to monitor your electricity, water and natural gas consumption, in real time; being able to easily communicate with your electricity provider so you can save money by purchasing power during off-peak hours or installing systems that alert ComEd and Ameren operators when your power is out. These innovations are coming to Illinois soon.
The ISTC, along with the Illinois Institute of Technology, Clean Energy Trust and O-H Community Partners and with support from the U.S. Small Business Administration, is working to increase awareness for the benefits of smart grid adaptation as a part of the Illinois Smart Grid Regional Innovation Cluster (ISGRIC). ISGRIC provides a platform to promote business growth and entrepreneurial activity by providing technical and business support to smart grid start-ups and small businesses. Recently ISGRIC released the Illinois Smart Grid Market Inventory, a white paper highlighting the economic benefits of a smart grid update in Illinois. According to the Smart Grid Market Inventory, 190 energy-related companies and 95 R&D firms in Illinois are poised to contribute to the transition to a smarter grid, and have the potential to create thousands of jobs in the process. Illinois is emerging as a leader in smart grid implementation and energy efficiency.
The years ahead will be marked with significant change in the energy industry, yet nowhere will these changes be most strongly felt than in the electric grid itself. Currently, Illinois’ electric grid still utilizes the laws of physics to get power from the grid into homes and businesses, resulting in more outages and malfunctions. These inadequacies led to the passage of the Energy Infrastructure Modernization Act (EIMA) of 2011, a $3.2 billion investment by ComEd and Ameren to strengthen and modernize the state’s electric grid over the next 10 years.
Electric grid updates aren’t the only way Illinois is becoming more energy efficient. The State is also taking action to support the adoption of electric vehicles (EV) across Illinois, and thanks to the state’s $10 million Illinois Jobs Now! Capital Plan – along with help from the City of Chicago – is installing 26 new EV fast-charging stations along Illinois’ busiest highways.
Read on to learn more about the implementation of smart grid technology, electric vehicles and how Illinois is becoming more energy efficient.
Watch & Listen
Hiring Begins for Smart Grid Plan
Governor Pat Quinn Rolls Out Nation’s Largest Electric Vehicle Fast-Charging Network
Did You Know?
- The Illinois Science & Energy Innovation Foundation was created through EIMA to support and advance innovation, research and entrepreneurship in the smart grid. The Foundation will be supported by an independent board and will have initial assets of $22.5 million.
- Over the next decade, Ameren and ComEd will install approximately 4.8 million smart meters.
- The Chicagoland metro area is the #1 metro area in the country for installed and available EV charging stations.
ACG Chicago Healthcare M&A Conference
May 9, 2012
2012 ITA Annual CityLIGHTS Awards Gala
May 10, 2012
Women in Science Symposium 2012: Big Ideas, Big Impact
May 11-12, 2012
Data Without Borders: Chicago DataDive
May 11, 2012
Built in Chicago Launch – May
May 15, 2012
We encourage you to submit ideas for future issues of ISTC Catalyst. In June 2012, ISTC Catalyst will feature STEM and Problem Based Learning.