The partnership seeks to develop next-generation real-time communication capabilities for Advanced Metering Infrastructure (AMI) functional requirements. In 2021, Indian Institute of Technology (IIT) Delhi collaborated with IntelliSmart to develop smart grid technology solutions to achieve improved revenue management, increased control and billing efficiency, and open up the smart grid data for different applications and monetization.It is a peer-to-peer (P2P) energy trading system and virtual power plant (VPP) that aims to digitize the purchase, generation, sale and storage of electricity. Zonneplan, Dutch solar installer has launched its ‘smart grid’ system known as Slimme energie (Smart Energy) that tracks prices in real time.Here are some recent examples supporting this data and facts! Smart grid systems helps to automate the billing data collection, track energy use and receive energy alerts online.Īccording to Emergen Research, the global smart grid market size is expected to reach USD 122.97 billion by 2027 and register a CAGR of 20.5% during the forecast period.

It has brought many critical improvements in the realm of energy production and has improved people's living standards in many ways. Smart appliances, smart meters, smart substations, synchro phasors are components of a smart grid that play a key role in the production of electricity. A smart grid system is an electricity network that allows for a 2-way flow of electricity and data, with the help of communication, automation, IT systems and other digital communications technologies.

Us smart grid investment by type