The Vital Role Of ICT In Ensuring A Smart City At Your Fingertips

Meanwhile, the demand for electricity continues to grow across the globe at an alarming rate. It is estimated that the demand for electricity will far exceed the supply in the next ten years. At the same time, the inability of the current electric grid to store energy is creating huge gaps and inefficiencies that need to be answered.

“Solving demand by merely building more power plants is no longer an option. Instead, the emphasis is on generating cleaner power as well as using less power altogether,” said Farah Saeed, Principal Consultant at Frost & Sullivan.

Emphasis is now being placed on generating cleaner, newer power, and on increasing the accountability and rewards for good behaviour.

A Safe, Effective Way Toward A Low Carbon Future

Grid modernization, or smart grid, takes a close look at the electric grid and finds ways to make power flow more efficient and reliable. “Power efficiency and availability are among the key concerns for many utilities, especially as they’re faced with pressure to accommodate renewable power as well as the growing use of electricity,” said Saeed.

The existing power grid transports energy from the power station to the consumer through three sources. Because the existing grid cannot store energy, the energy loss from power generation to power transmission to power distribution to the consumer is substantial. Grid modernization would not only minimize these losses but also bring the consumer closer to the power generation source.

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