Energy storage and smart grid companies

What is smart grid technology?

New technologies are shaping the way we produce, distribute and consume energy. Smart grid technology—an integral part of energy’s digital transformation—promises to modernize the traditional electrical system with an infusion of digital intelligence that helps energy providers transition to clean energy and reduce carbon emissions.

What is grid energy storage?

Grid energy storage involves storing excess electricity for later use using batteries, flywheels, supercapacitors and pumped hydroelectric storage. Energy storage technologies enable efficient retrieval and storage of excess electricity generated by renewable sources during off-peak periods.

What companies are working in the smart grid space?

From GE to IBM, Schneider Electric to ABB, there is a whole host of companies working in the smart grid space to make it, well, smarter, as well as more efficient, resilient and reliable.

What are the benefits of a smart grid?

Smart grid technology has countless benefits, including increased grid efficiency and reliability and easy integration with renewable energy sources. However, to really maximize the benefits of a smart grid, power companies must implement effective optimization strategies as well.

How does energy storage improve grid flexibility?

Moreover, energy storage enhances grid flexibility by enabling power companies to store electricity during low-demand periods and release it during peak hours, reducing strain on the grid and minimizing the need for additional power generation.

Which companies offer smart grid management solutions?

The company's smart grid solutions deliver real, quantifiable benefits and have proved pivotal to validating the case for smart grid investment. Itron's grid management solution provides utilities with a unified platform for managing the ever increasing complexity of the smart grid. 9. Hitachi