I strongly relate to Smart Cities or Smart Infrastructure as the grouping area dealing with the business dealing with the Edge for final energy transmission or the final beneficiary, the Consumer but I do relate to Urban Development as a “greater” catch-all for thinking a little wider on the potential to engage far more.
There is so much potential in technology currently being invested in our cities and their infrastructures. There are many estimates of this investment, according to the McKinsey Global Institute, they estimated that cities around the world would need to double current infrastructure investments from $10 to $20 trillion annually, to build the necessary physical infrastructure to support growing populations and needs.
The Smart Grid is evolving and will be essential in the next decade to bring the kind of transformation our existing energy grids require. Infrastructures to be fit for purpose must be fully integrated and smart to manage the increasing complexity and needs of electricity in the 21st century.
Smart Grids are part of the Smart Infrastructure approach in our need for complete Urban Transitions currently being undertaken. Let me try to step back here and give some broader understanding of “smart grids”
Smart infrastructure connects many parts of the city both physically and digitally. Services that capture the relevant information enable the deployment and introduction of the appropriate assets as the solutions.
Smart solutions for resolving the demands placed in everyday events like traffic flows, energy, and water requirements, transportation utilization, or in managing energy peak demands or optimizing buildings.
Through digital understanding, you learn from what is in place to improve the future in designs, capability, and asset utilization through the use of intelligent data providing relevant insights.
A digital understanding can help predict many variances and assumptions, for example on load demands, on traffic flow, on shifting resources to balance the “system” for the immediate and future; all of these are based on the data collected and can be compared on the forecasts made.
To achieve this, you need a constant flow of ‘real-time’ data, not historical ‘lagging’ information, that is often out of date before you can evaluate it.
Energy is essential to the modern economy. It provides the vital power source of electricity for industry, for public services and powering infrastructure, as well as resolving domestic activities where heating, lighting, cooking can take place in different ways from traditional wood fires. Our growing reliance on communications, technology, and mobility all are reliant on having this constant source of energy.
As we grapple with the impact and effects of the CORVIt- 19 virus, we are rightly ‘transfixed’ on saving lives, keeping people healthy, but underpinning this is maintaining essential services. A reliable, constant power source is critical for hospitals, for our homes and work environments to support and sustain us.