Smart Grid Technology Definition. Building and testing the smart grid. Oe leads national efforts to develop the next generation.
The cumulative market capitalization of the largest 25 smart grid vendors stands at around $2.03 trillion. Technology in the 80s and 90s. The smart grid will consist of millions of pieces and parts—controls, computers, power lines, and new technologies and equipment.
Technology in the 80s and 90s.
It also improves distribution by relaying information from consumers to transformers and generation plants. Hence smart grid is a generic label for the application of computer, intelligence and networking abilities to the existing dumb electricity distribution systems. The “grid” is the electrical network serving every resident, business and infrastructure service in a city. The smart grid uses computer technology to improve the communication, automation, and connectivity of the various components of the power network.