Should utilities embrace smart grid technology?

As the energy landscape rapidly evolves, we believe it is imperative for utilities to embrace smart grid technologies wholeheartedly, leveraging them to help improve grid management, reduce operational costs and accelerate the energy transition.

Who will build a smart grid in Australia?

EnergyAustralia, announced as the lead utility in the federally sponsored consortium to study Smart Grid in Australia, will build the smart grid over five sites in New South Wales with partners IBM, Grid Net, a San Francisco-based energy software company, and GE Energy.

Why do we need smart grids?

for grid operators, smart grids make the network more adaptable. This boosts the resilience of the electricity system to optimise power supply reliability and quality levels, while making it easier to introduce new types of energy production in grids, particularly renewable energy (wind and solar), which are both intermittent and decentralised;

What is a smart grid?

Smart grids represent a pivotal shift in how the world manages and distributes electricity. By integrating digital technologies and data analytics, they enable consumers to play an active role in the energy ecosystem and equip network operators with the means to maintain system adequacy with very high levels of renewable penetration.

What is the SmartGrids European technology platform for electricity networks of the future?

The SmartGrids European Technology Platform for Electricity Networks of the Future began its work in 2005. Its aim is to formulate and promote a vision for the development of European electricity networks looking towards 2020 and beyond.

Should battery storage be integrated with smart grids?

Integrating battery storage within smart grids further enhances these benefits by maximizing the value of stored energy and facilitating seamless integration of renewables, thus contributing to a more sustainable and resilient energy infrastructure.