The U.S. Commerce Department’s National Institute of Standards and Technology (NIST) and the European Union’s (EU) Smart Grid–Coordination Group jointly announced  today their intention to work together on Smart Grid standards development to ensure a consistent set of international standards that can efficiently deliver reliable, economical and sustainable electricity services on both sides of the Atlantic.
The new collaboration is meant to ensure that Smart Grid standards on both continents have as much in common as possible, so that devices and systems that interact with these grids can be designed in similar fashion. Smart Grids are expected to ease the incorporation of renewable energy sources, energy saving devices and electric vehicles into the power system. Overall goals include the reduction of carbon emissions and security of supply. Announcement