The U.S. Environmental Protection Agency’s (EPA’s) plan to regulate carbon emissions is just the latest challenge facing the U.S. electric power system. Technological innovation is disrupting old ways of doing business and accelerating grid modernization. Last year, AEE released Advanced Energy Technologies for Greenhouse Gas Reduction, a report detailing the use, application, and benefits of 40 specific advanced energy technologies and services. This post is one in a series drawn from the technology profiles within that report.
Smart grid communications networks include software and hardware that enable the collection of data from and communication between smart grid technologies, including advanced metering infrastructure (AMI). Smart grid software and hardware technologies allow utilities to collect vast amounts of real-time data. Smart grid data management and analytics solutions help them organize, analyze, and act on that data. These solutions are complex software platforms that use algorithms to scan all of the incoming data and point toward actionable conclusions for utilities, energy service companies, and energy consumers. These programs also help to forecast demand and better identify and monitor outages.