Today, smart grids are offering an unprecedented opportunity to move the energy industry into a new era of reliability, availability, and efficiency. While meeting the need for efficient energy distribution and utilization, smart grids also enable increased demand response and energy efficiency, integration of variable renewable energy resources, and electric vehicle recharging services, while reducing peak demand and stabilizing the electricity system.
Smart grids co-ordinate the needs and capabilities of all generators, grid operators, end-users, and electricity market stakeholders to operate all parts of the system as efficiently as possible, minimizing costs and environmental impacts while maximizing system reliability, resilience, and stability.
Innovation in the smart grid arena is essential for the global community to achieve shared goals for energy security, economic development, and climate change mitigation in the long run. The physical and institutional complexity of electricity systems makes it unlikely that the market alone will implement smart grids on the scale that is needed. Governments, the private sector, and consumer and environmental advocacy groups must work together to define electricity system needs promote smart grid solutions.
There are a multitude of vendors who help enterprises with in-depth expertise in embracing smart grid for added benefits. In the last few months, we have looked at scores of smart grid solution providers and shortlisted the ones that are at the forefront of tackling challenges in the arena. A distinguished panel comprising CEOs, CIOs, VCs, Analysts, and the editorial board of Energy CIO Insights has selected the final 10.
We present to you 10 Best Smart Grid Solution Providers - 2016