The incorporation of technologies and advancements in architecture is driving progress in smart grid technology.
FREMONT, CA: Smart grids are a relatively recent addition in the electricity supply chain network. Applications of smart grids may range from supplying electricity to the efficient transmission of electricity. Electric utility firms are using a broad range of technologies to modernize the existing electricity networks that encompass end-user distribution and transmission as well. Apart from streamlining the current processes such as reducing the response times and offsetting power outages, the incorporation of technologies can also stimulate the development of new business models.
The future of smart grids will also be influenced by digital technology, including developments in networking and computing capabilities. The emergence of a more integrated and distributed grid network will be driven by the internet of things (IoT) and sensor technologies. Further, the growing unpredictable customer behaviors will result in higher levels of uncertainty and variability in terms of both managing electricity flow and the adoption of new systems and devices. Gradually, the smart grid network is moving towards an ultra-large-scale as it becomes more decentralized. Such decentralized systems are often composed of heterogeneous parts with different needs. The challenge will be to maintain a coherent, stable, and manageable system as the electric grid network expands.
As stated before, a smart electric grid is an intricate network of disparate components where modification in one component might impact the other components or even the entire grid system. Adhering to sound grid architecture can address the grid complexity and minimize the unintended consequences. Modernized grid architecture can uphold the holistic integrity of the grid network and enable efficient distribution and transmission of power. A well-devised strategy to include the core grid components while eliminating the ones that might be a hurdle in the future must be the key consideration while designing grid architecture.
Thus, technologies and grid architecture will define future trends in smart grids. Firms that proactively work on strategies to address the growing grid complexity will have a certain edge in the future.