The document discusses smart grids and their components. Some key points:
- A smart grid uses information and communications technologies to improve the efficiency, reliability, economics and sustainability of electricity production and distribution.
- It consists of applying digital processing and communications to the power grid, making data flow and information central.
- Smart grids allow for two-way communication between electricity producers and consumers, enabling functions like remote meter reading, demand response and outage detection.
- Advanced metering infrastructure, demand response, distributed generation and energy storage are some of the major smart grid applications and market segments.
- Widespread smart grid deployment faces challenges of high upfront costs, integrating new technologies with existing grid systems, and