They Reflect Actual Consumption Instead of an Estimation.
accurate bills
Remote Management Allows for Faster Diagnosis and
Response to Incidents Improving Customer Service.
Better service
They Offer Integration of Renewable Energy Sources Enabling
Them to Supply Electricity and Respond to Demand Spikes.
RE utilization
By Optimizing Capacity, Smart Grids are in a Strong Position to
Meet Increasing Demand and Reduce Blackouts.
MEETING DEMAND
Time-Based Pricing Optimizes Electrical Network Usage by
Shifting Consumption Peaks to Lower Demand Times.
PEAK REDUCTION
CARBONTRACK.COM.AU
BENEFITS
Smart grids
Renewable Energy Integration is Complex as it is Intermittent
and Unpredictable.
Issues
Due to their Communication Networks and Big Data Handling,
Smart Grids are More Susceptible to Cyberattacks.
CYBERATTACKS
Significantly Degrades Network Reliability Leading to Service
Slowdown and Connectivity Loss.
PACKET LOSS
They Require Robust Connectivity and Wide Coverage. Poor
Connectivity and Network Performance is a Barrier.
Connectivity
The High Cost of ICTs, Network Infrastructure, and Digital
Talent Requires a Significant Investment.
High cost
EVCHARGINGSUMMIT.COM
Challenges
Smart grids
Advanced Metering Infrastructure: An Integrated System of Equipment
and
Software that Enables Utilities Collect Customer Data Remotely.
AMI
Demand Response: An ActionTaken by the Consumer to Reduce
Electricity Usage During Peak Periods in Response to Time-Based Pricing.
DR
Wide-Area Situational Awareness: Use of Technologies Designed to
Improve Monitoring of the Electrical System Across Large Areas.
WASA
Distributed Energy Resources: Small Energy Generation Units Belonging
to the Consumer such as Solar Panels and Wind Turbines.
DER
Distribution Management System: A Comprehensive Grid Management
Solution that Enables Utilities Increase Efficiency and Prevents Failure.
DSM
HIVEPOWER.TECH
technologies
Smart grids
GENERATION
Distributed Power
Generation with
Renewable
Energy.
TRANSMISSION
Multi Directional
Power Flow. Load
Adapted to
Production.
DISTRIBUTION
High-Reliability
PowerDistribution
Using ICTs.
CONSUMPTION
Supply Based on
Actual Data.
Consumers are
Also Producers.
INNOENERGY.COM
Value chain
Smart grids
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9.7
6.6
4.1
3.6
GLOBAL ELECTRICITY DEMAND & OUTLOOK
20002010201720202025203020352040
13
19
22 24
27
29
32
35
EXXONMOBIL.COM
3X
increase
Petawatt Hours
2022202320242025202620272028
50
58
69
80
94
111
130
REPORTLINKER.COM
smart grid global market value & outlook
Billion dollars
3X
GROWTH
21
14
9
6
5
1
Smart Meters
Automation
Networks
EV Charging
Transformers
Analytics
IEA.ORG
GLOBAL INVESTMENT IN SMART GRID INFRASTRUCTURE IN 2021
By Technology (Billion Dollars)
58
47
16
15
10
4
Enabling ICTs
Transmission
AMI
Distribution
Microgrids
Energy Storage
ADVANCEDENERGYUNITED.ORG
ELECTRICITY Mgmt SYSTEM REVENUE WORLDWIDE IN 2020
By type (Billion dollars)