The Global Smart Grid Federation (GSGF) has called for an increase in collaboration between the private sector and global governments to attract more investments.
Members of the GSGF, which includes seven smart grid national organisations, demonstrated at a recent Clean Energy Ministerial meeting how collaboration on policies can increase investment in smart grid worldwide.
GSGF general manager, Energy & Utilities Industry, IBM and chairman Guido Bartels, said that the organisation must make private sector involvement a priority.
"Regulators and consumer organisations have to get involved from the outset in demonstration and especially in deployment to make sure they understand and benefit from smart grids," Bartels said.
"We must become adept at reviewing and adjusting our policy and market models as technologies evolve and provide new options and opportunities for business and consumers."
The federation works with the International Smart Grid Action Network and national and international government policymakers to address the broad challenges of deploying smarter grids.
GSGF comprises the US GridWise Alliance, the Korean Smart Grid Association, the India Smart Grid Forum, the Japan Smart Community Alliance, Smart Grid Australia, Smart Grid Canada and Smart Grid Ireland.