Here's why we need a smart grid — and how we build one
Dec 5, 2022 · Image: Intel. The smart grid requires an advanced level of computing to be deployed at the edge of the grid to manage and optimize the highly distributed intermittent loads introduced. It also requires a “total system” approach to effectively balance multiple fluctuating energy sources, consumption levels and new renewable technologies.
AI is transforming the grid. Here's how. | World Economic Forum
Sep 16, 2021 · AI will transform the grid from an aging supplier of commodity electricity to an intelligent “system of systems” that produces optimised outcomes. Steep increases in renewables will cut electric sector emissions, but the grid must undergo major changes for this to occur. The world’s energy systems are changing.
and what to do about it - The World Economic Forum
Apr 30, 2019 · To help companies plan for and prevent cyber-risks, the World Economic Forum’s Risk Snapshot: Smart Grids paper highlights three ways businesses can mitigate cyber-risk. 1) Balance priorities. Companies need to balance innovation, adaptability, agility and efficiency with safety, investment, resiliency and security.
These are some of the world's top smart and sustainable cities
Mar 11, 2024 · Iceland is the most environmentally friendly city ranked. Image: IESE. Hong Kong SAR, China, is another city using data, to improve citizen’s lives. It ranks top for technology, with the report citing its iAM Smart app as an example, which provides a single digital identity and authentication method for users to access government services ...
Why AI is key to future renewable energy grid resilience | World ...
Mar 30, 2021 · This article is part of: Global Technology Governance Summit. The global transition to renewable energy will need artificial intelligence (AI) technology to manage decentralized grids. AI can balance electricity supply and demand needs in real-time, optimize energy use and storage to reduce rates. Technology governance will be needed to ...
Introducing Energy Efficiency 2.0: the grid of the future
Nov 21, 2023 · Here’s how policymakers, lawmakers and businesses can act on the four elements of Energy Efficiency 2.0 to prepare for the full-scale transition to renewable energy: 1. Electrify wherever possible. By transitioning from a fossil energy system to a fully electrified one, we can cut up to 40% of final energy consumption.
Strengthening the cybersecurity of the power grid - The World …
Mar 15, 2023 · In 2018, the World Economic Forum launched an initiative to improve the cyber resilience of the global electricity infrastructure. 11 founding member have launched a new phase of the initiative in March 2023, aimed at establishing an independent, multistakeholder community to collaborate and take collective action to protect the power grid.
Being smart about smart cities: A governance roadmap
Jul 27, 2021 · The G20 Global Smart Cities Alliance has developed a policy roadmap that city leaders and administrators can refer to as a baseline for sound technology governance. The ambition of the United Nation’s Sustainable Development Goal 11 is to make cities and human settlements inclusive, safe, resilient and sustainable.
5 smart renewable energy innovations - The World Economic Forum
Sep 21, 2023 · The need for renewable energy innovation has never been greater. In its 2023 report, Fostering Effective Energy Transition, the World Economic Forum says that 95% of countries have improved their total Energy Transition Index score over the past decade, but there has been only "marginal growth" in the past three years. Discover.
Rethinking energy security in the transition to net-zero | World ...
Jan 18, 2023 · Uncoordinated energy supply and demand measures can undermine net-zero. A key risk to energy security today is a mismanaged energy transition that fails to synchronize reductions in fossil fuel supply and investment with reductions in fossil fuel consumption. At present, the world is underinvesting in all forms of energy.