Smart grids— what are they?

The smart grid concept is widely mentioned in both specialist and non-specialist media but what does it really mean? In this article, based on a paper delivered at 11 ELBC, Bernd Michael Buchholz of Siemens AG defines the concept and what it means for energy storage developers and renewables generators.

Efficient transmission and distribution of electricity is a fundamental requirement for sustainable development and prosperity in Europe. The need to renew Europe's electricity networks is based on the growing electricity demand, the establishment of trans-European electricity markets and the integration of more sustainable generation . . .