Collaborating for a Smarter Grid

Collaborating for a Smarter Grid

The world has seen significant political and economic change. The global financial crisis has put economic pressure on the energy and utilities industry with more difficult financing and reduced revenues.

However, from a broader perspective, the crisis pales into insignificance when we consider the other challenges facing the industry.

Even before the crisis, the industry was under tremendous pressure to transform. Climate change concerns, changing consumer preferences, disruptivete chnologies, aging assets—any one of these pose a threat to the status quo. But collectively they challenge us to transform our industry.

Our current system is not up to the task of what lies ahead. For economic and environmental reasons, the grid needs to be more efficient and...

Source: IBM
9 June 2015