The conversation about electricity infrastructure is likely to change very soon as governments and the private sector build out the vision of a smarter, electricity web that is infinitely more reliable, robust and profitable.
The electric industry is poised to make the transformation from a centralized, producer-controlled network to one that is less centralized and more consumer-interactive. The move to a smarter grid promises to change the industry’s entire business model and its relationship with all stakeholders, involving and affecting utilities, regulators, energy service providers, technology and automation vendors and all consumers of electric power.
The main elements of a smart grid are software,sensors & storage. The good news is that these three systems might finally be reaching a tipping point in cost and performance that allows us to turn the ‘smart grid’ vision into a reality.