![]() Despite the deployment of residential smart meters having advanced in recent years and even having reached 100% in some economies, such as China, the share is still very low in many countries. While the transmission grid is already well-digitised, digitalisation of the distribution grid is still lagging in many countries, limiting the availability of real-time information. Real‐time knowledge of system health through the use of smart grid technologies allows for fuller utilisation of existing resources, enables networks to operate closer to their true limits without sacrificing reliability, and makes it easier to contain system failures into smaller areas and prevent cascading power outages. Meanwhile, deployment of variable renewables and electrification of other sectors is moving fast, leading to strains and pressures in power systems. This results in long lead times for these projects. ![]() Line route plans and reports have to be drawn up covering the entire length of the network, conditions and specifications have to be assessed, and stakeholders must be engaged. Over the coming decade, transmission and distribution grids are expected to capture a rising share of total power sector investment in the NZE Scenario, in recognition of their critical role in supporting modern power systems and clean energy transitions.īuilding electricity networks, especially high-voltage interconnections, is very complex, both in terms of permitting and construction. ![]() With around 80 million km of transmission and distribution lines in place world wide today, electricity networks are the backbone of secure and reliable power systems. Canada is investing USD 100 million through its Smart Grid Program to support the deployment of smart grid technologies and smart integrated systems.The United States announced in 2022 the Grid Resilience Innovative Partnership (GRIP) Program, with a funding opportunity of USD 10.5 billion to support the upgrade and expansion of US electric grids.India launched in 2022 an INR 3.03 trillion (Indian rupees) (~USD 38 billion) scheme to support power distribution companies and improve distribution infrastructure.Japan announced in 2022 a funding programme of USD 155 billion to promote investments in smart power grids. ![]()
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