As technologies like AI, IoTs, and blockchain digitize, automate, communicate, integrate, and decentralize the energy ecosystem, what impact will it have on each nation's economy: its survival, security, and sustainability?
machine on the globe, is an interconnected energy infrastructure made up of power generation, transmission, and distribution. As technology transforms the electric grid, the rapidly emerging microgrids, intelligent sensors, 2-way communication, digitization, and automation of energy management processes have laid the foundation to not only smart grids but also smart energy. Again, the democratization and decentralization of diverse energy sources have also added to this shift.
So, amidst many competing and conflicting interests, how are nations conceptualizing the future design of the evolving power grid system? As nations evaluate the technical obsolescence of its grid, what is the impact on safety, security, and sustainability?As the technology transformation allows for two-way communication between the grid and its customers, the rapidly evolving automation that is on its way to making the grid intelligent consists of not only controls, computers, and automation,...
The emerging smart grid represents an unprecedented opportunity to move the energy industry into a new era of smart energy which would foster reliability, availability, accountability, and efficiency that would contribute to a nation's economic health.
While it will take some time for the evolving smart grid to bring smart energy to all nations, the evolving energy ecosystem will fundamentally change the energy equation for the future of humanity.With the aging electrical power infrastructure and with increased reliance on automated control systems , there is growing susceptibility to security threats.
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