Overview of Smart Grid Technology as a Renewable Energy Source

Abstract

A smart grid is an electricity system that uses digital communications technology to detect, respond to, and take appropriate action in response to changes in demand and a variety of other problems. The secret to effective utilization of distributed energy resources is smart grid technology. Opportunities for renewable energy systems to address electricity generation appear to be growing, especially in light of the importance of climate change, the rising cost of petroleum products, and the falling cost of renewable energy power systems. However, an effective energy management strategy of system must be addressed in order to achieve commercialization and widespread use. Electric power networks have recently benefited from the effective application of the smart grid idea. This research work examines the overview of smart grid technology as a renewable energy source. The concept of a smart grid as well as the advantages and disadvantages of a smart grid renewable energy. The success of promoting renewable energy is significantly influenced by pricing. As a result, it is crucial to evaluate the distinctive qualities connected with alternative sources of renewable energy in order to get insight into the pricing of renewable energy. A survey of recent work in renewable smart grid systems shows the exciting future potential of such research traits. Both policymakers and those who create and use renewable energy systems would benefit from this.