Abstract
This chapter provides a holistic overview of the development of smart grids as an essential element for a low-carbon future. It examines how four key aspects, namely technology, economics, regulation/policy, and social acceptance, are complementary and therefore need to be considered concurrently for the deployment of smart grids. This chapter emphasizes that there is no one-size-fit-all solution, and the choice of solutions differs across countries and localities. A good understanding of local features such as historical, cultural, resources, market, and regulatory factors that coexist with strong and consistent commitment, careful road mapping, learning through trials as well as supporting innovation and research are required for the effective transition toward different smart grid systems in a low-carbon world.
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- 1.
FACTS Flexible AC transmission system; STATCOM Static Synchronous Compensator; SVG Static Var Generator.
- 2.
SCADA—Supervisory Control and Data Acquisition System; EMS—Energy Management System.
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Cheng, J.W.M. (2014). A Holistic View on Developing Smart Grids for a Low-Carbon Future. In: Mah, D., Hills, P., Li, V., Balme, R. (eds) Smart Grid Applications and Developments. Green Energy and Technology. Springer, London. https://doi.org/10.1007/978-1-4471-6281-0_2
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DOI: https://doi.org/10.1007/978-1-4471-6281-0_2
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