Smart Grids Explained

http://www.weforum.org 10.02.2011 Most of the world relies on 50-year old energy systems. Smart grids could be the next step. They are digitized energy networks, delivering electricity in...

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Male Speaker: Electricity is fundamental to modern society and the economy. However, most of the world relies on electricity systems built around 50 years ago. These are inefficient and cannot offer an appropriate response to today's urgent global challenges. There is an estimated $13 trillion investment required in energy infrastructure over the next 20 years. This poses an imminent need and opportunity to shift towards a low-carbon, efficient, and clean energy system. Smart grids will be a necessary enabler of this transition. What is a smart grid? A smart grid is an intelligent, digitized energy network delivering electricity in an optimal way from source to consumption. This is achieved by integrating information, telecommunication, and power tec...
Smart Grids Explained
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