Smart Grids

January 2024 – A Smart Grid is an electrical grid that utilizes advanced communication, monitoring, and control technologies to optimize energy efficiency, reliability, and environmental sustainability. Smart grids utilize the Internet of Things (IoT) and Artificial Intelligence (AI) to connect various energy sources, such as renewable energy, to the electricity grid. Demand for electricity is expected to rise as a result of the clean energy transition, electrification, population growth, and urban expansion. Smart grid technologies can meet the increased demand by making the grids more efficient, sustainable, and resilient. In 2015, the Global Energy Interconnection (GEI) initiative was launched to develop interconnected grids for the transmission and consumption of clean, renewable energy worldwide.

In this slideshow, you will learn about the definition, technologies, components, benefits, challenges, stakeholders, value chain, UN policy, and global statistics of smart grid utilization.