The Smart Grid is an advanced electricity network that uses digital technology to monitor, control, and optimize the delivery of electricity. It is designed to improve the reliability, security, and efficiency of the electricity grid. Smart Grid technology enables two-way communication between the utility and the consumer, allowing for more efficient energy management. It also allows for the integration of renewable energy sources, such as solar and wind, into the grid.
Smart Grid technology is being adopted by utilities around the world, and the market is expected to grow significantly in the coming years. Companies in the Smart Grid market include ABB, Siemens, Schneider Electric, General Electric, and Itron. Show Less Read more