Smart City Opportunities for London

March 2016: A new Arup study ‘Smart City Opportunities for London‘ has just been published by the GLA. This report was commissioned to investigate how “London can make the most of the benefits of digital technology by assessing London’s strengths as a smart city and identifying the opportunities for stakeholders in the smart city market.”   

The findings of this report will support the update of the Smart London Plan, the capital’s smart city strategy. It looks at five key industries in detail – energy, water, waste, transport and health. On Smart energy the report states that “London faces energy challenges, including security of supply, ageing infrastructure, fuel poverty, and failure to align retail energy prices with wholesale costs.International and national policies prescribe switching to renewable sources of energy as a way to reduce the use of fossil fuels as well as address climate change and the depletion of resources. The deployment of smart solutions has started to address energy challenges in London, such as trialling smart grid solutions (UK Power Networks) and installing smart meters in homes. There are plenty of opportunities for companies to develop and implement more solutions in renewable energy, smart grid and electric transport. We estimate that the market for smart energy solutions in London could grow to $2.1bn by 2020.”

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