Smart Grid Technology

[Power Grid - CNBC]

- Overview

Smart grid technology is a digital system that monitors, controls, and analyzes power flow between different types of generating units and consumers. It uses advanced algorithms and control systems to: 

• Monitor grid performance
• Detect faults
• Optimize electricity flow
• Respond quickly to issues like power outages or voltage fluctuations
• Limit electrical power to the residential level
• Network small-scale distributed energy generation and storage devices
• Communicate information on operating status and needs
• Collect information on prices and grid conditions

Some applications of smart grid technology include: 

• Advanced metering infrastructure (AMI)
• Demand response
• Electric vehicles (EVs)
• Wide-area situational awareness
• Distributed energy resources and storage
• Distribution grid management

The five components of a smart grid are: 

• Advanced metering infrastructure (AMI)
• Distribution automation
• Demand response
• Energy storage systems
• Smart sensors and devices

The Internet of Things (IoT) supports the technology and communication required to make smart grids smart. IoT has applications for: 

• Monitoring electricity generation
• Gauging intelligent power consumption
• Managing energy efficiency

[More to come ...]