As the existing Electric Grid moves toward clean energy, a smart grid will become essential to controlling the flow of energy from power companies to the consumer.
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 behavior.
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