Global Market Scan: Smart power grids - Transforming global energy infrastructure

As the global transition to renewable energy continues, capacity rebalancing solutions are needed to supplement intermittent sources and to accommodate new green-power generation.

Today, grids consist of a system of substations, transmission lines, transformers and other components that carry electricity from power plants to residences or places of business. Digital technology can allow electrical grids to adapt to rapidly fluctuating electricity needs. Smart grids speed up the restoration of power after outages and improve power transmission efficiency. They can also decrease peak demand, ultimately leading to a drop in electricity prices.

COVID-19 had a negative impact on the industry, but there has recently been a bounce back to pre-pandemic levels. Through 2029, the U.S. will dominate the smart grid sector in North America. Government support and targeted policies will be key aids.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market tech concentration may persist for years: Market trendsMarket concentration continues to narrow in on Big Tech. With no large catalysts, the market can maintain this pattern for some time, data suggests. Still...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Amazon's $2T market cap, jobless claims: Market trendsYahoo Finance's Josh Schafer joins Asking for a Trend to break down his biggest takeaways from the trading day. Amazon has reached a $2 trillion market...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Market leadership in flux, bitcoin in trouble: Market takeawaysYahoo Finance's Jared Blikre joins Asking for a Trend to break down his key takeaways from the trading day. Blikre explains that stock market leadership is...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia tops Microsoft's market cap, weather risks' impact on housing: Market DominationOn today's episode of Market Domination, co-hosts Josh Lipton and Julie Hyman explore Nvidia's (NVDA) market cap dominance, trending tickers, and the impact ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks rebound, housing market tips: Market Domination OvertimeIn today's episode of Market Domination Overtime, hosts Josh Lipton and Julie Hyman dive into the most prominent dynamics leading stocks and the US housing...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »