THE
SMART ENERGY
ID
nergy network modernisation is a critical factor facing the sector today . Easing reliance on central grids comes in the form of microgrids – local electrical grids that act as a single , controllable entity – and smart grids , which take form in the utilisation of digital communications technology to better manage networks . The transition away from centralised power plants towards decentralised or better distributed power plants is characterised by lower capital requirements and reduced dependence on fossil fuels .
The demand for electricity is expected to increase by approximately 40 % between 2012 and 2030 due to population and economic growth .
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