What is a Smart Grid? A Smart Grid is a digitally-based electricity network that uses two-way digital communication to deliver electricity to customers. What Makes the Smart Grid So Effective? 1. Universal access 2. Smart substations 3. Efficient distribution 4. Intelligent applications Smart Grid Technologies 1. Advanced Metering Infrastructure (AMI) 2. Advanced Demand Forecasting 3. Big Data 4. Vehicle-to-Grid (V2G) 5. Non-intrusive Load Monitoring (NILM) Why is Smart Grid “Smart”? Smart Grid includes appliances with intelligence that can choose when to use energy based on the preferences of previously set users. Smart Grid Market The market for smart grids is expected to grow at a CAGR of 19.1% from 2021 to 2026, reaching $103.4 billion in revenue. Why do we need Smart Grid? Smart grids are expected to have significant, long-lasting effects, and they perfectly match the needs and demands of our time. Smart Grid Rewards The smart grid is designed to give consumers a competitive advantage financially as a direct benefit.