Power grids around the world are getting smarter thanks to the Internet of Things (IoT). While Smart Grid technologies are making the headlines, and poised to grow to more than $118 billion by 2019, according to November 2015 research from analyst firm Transparency Market Research—many utilities just aren’t ready to make the jump to full Smart Grid capabilities. In many cases, it’s the smaller improvements and IoT implementations in addition to larger-scale Smart Grid deployments
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Utilities worldwide are adopting innovative technology to embrace the potential of the Smart Grid while conquering a myriad of new challenges posed by it, and by a new host of financial and regulatory challenges. In order to take advantage of the opportunities presented, while at the same time,...
The increasing frequency and intensity of climate-related disasters are placing unprecedented strain on the world's electricity networks, with severe implications for global energy security. According to a recent Bloomberg report, the effects of climate change are pushing many electricity grids to...
Most utility customers now pay an average price for electricity that changes little (if at all) over the course of the year. Average, flat-rate, real-time pricing is akin to a form of insurance, where a premium is paid to hedge against market volatility and price spikes. Yet this approach misses...
In recent years, digital twin technology has emerged as a game-changer in various industries, and the power sector is no exception. Digital twins are transforming how substations are managed by creating virtual replicas that provide insights into performance and potential issues. A digital...
The power industry is undergoing a profound transformation driven by grid modernization, renewable integration, and increasing demands for resilience and efficiency. At the heart of this evolution lies the smart substation—a next-generation facility equipped with advanced sensors, digital...
The IEC 61850 protocol has become the global standard for substation automation, enabling high-speed communication, interoperability, and streamlined integration of intelligent electronic devices (IEDs). It plays a foundational role in transforming traditional substations into digital substations...
A coalition of large energy consumers and ratepayer advocates has filed a complaint with the Federal Energy Regulatory Commission (FERC), urging the agency to prohibit transmission owners from independently planning "local" transmission projects exceeding 100 kilovolts (kV). The coalition argues...
The integration of renewable energy sources (RES) into smart grid systems represents a fundamental shift in how energy is generated, managed, and consumed. This transformation is vital for modernizing energy infrastructure, enhancing grid reliability, and fostering sustainability. The shift from a...
The Federal Energy Regulatory Commission (FERC) recently hosted the Co-Located Load Conference, a significant event that focused on resource adequacy, energy reliability, and the challenges of ensuring sufficient electricity supply amidst changing grid dynamics. As the energy landscape continues to...
In a significant move that underscores the growing demand for reliable and sustainable energy to power the expanding digital infrastructure, the Federal Energy Regulatory Commission (FERC) has approved an interconnection agreement between Talen Energy, Amazon Web Services (AWS), and Exelon. This...
