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Published in:
2020 | OriginalPaper | Chapter
Smart Grid, Future Innovation and Investment Opportunities
Author : Dean Sharafi
Published in: Innovative Technologies for Market Leadership
Publisher: Springer International Publishing
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Abstract
The electricity industry is going through a massive transformation which is fundamentally changing the way the electrical energy is generated, transmitted, distributed and consumed. This change will bring about challenges and opportunities for the different players in this massive system of supply and demand. The drivers for this transformation are numerous, which include the desire to shift to a more sustainable energy supply, advancement in technology and reduction in cost of renewable energy. Power system operators around the world are dealing with the challenges of operating grids which behave differently compared to originally designed concepts. However, there are vast opportunities for innovation and investments which can benefit from low cost energy. This chapter explores different ideas on how this massive low-cost energy can be harnessed in order to create value.