Northeast Group defines a smart grid as a power grid that is fully integrated with ICT (information and communications technology). These ICT tools and applications give both utilities and customers improved analytics and control over power flows and usage and help to better optimise supply and demand.

A smart grid extends from the generation plant all the way to behind-the-meter technologies in a residential customer’s home. To create a smart grid, a wide array of technologies are deployed. Historically, advanced metering infrastructure (AMI) has been the foundational layer of the smart grid but AMI alone does not constitute a smart grid. It also involves grid automation, the integration of distributed energy resources (DERs), intermittent renewables and customer engagement applications. As the need for digitalisation and decarbonisation intensifies, smart grids have become a vital aspect in helping utilities to achieve their energy transition and digital transformation goals. This article explores economies that have led the market in the past few years, smart grid market drivers, as well as countries that are set to lead the sector through 2030.

Smart grids benefits

Benefits of smart grid infrastructure include but are not limited to saving energy, reducing costs, and increasing reliability. Smart grid infrastructure is also essential for transitioning to a low-carbon […]

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