A Grid Modernization and The Transition To A Decentralized Energy Landscape
Volume: 13 - Issue: 10 - Date: 01-10-2024
Approved ISSN: 2278-1412
Published Id: IJAECESTU423 | Page No.: 107-112
Author: Manoj Kumar
Co- Author: Ashok Kumar Jhala
Abstract:-This paper explores the critical steps in grid modernization and the transition to a decentralized
energy landscape, addressing the challenges and opportunities for achieving a resilient, efficient, and
sustainable energy system. As energy demands evolve and renewable energy sources proliferate, there is a
growing need to modernize traditional grid infrastructure to accommodate decentralized energy systems,
including microgrids, distributed energy resources (DERs), and transactive energy platforms. This study
provides an overview of key technologies, such as smart meters, advanced distribution management systems
(ADMS), and energy storage solutions, which enable real-time energy monitoring, flexible energy
distribution, and enhanced grid resilience. Additionally, the role of digital innovations like the Internet of
Things (IoT), blockchain, and artificial intelligence (AI) in facilitating grid decentralization and enabling
secure, transparent energy transactions is examined. The findings highlight both technical and policy-based
strategies for overcoming the current grid’s limitations and outline best practices for achieving a seamless
transition to a decentralized energy model. By exploring case studies and emerging trends, the paper
underscores the potential of a modernized, decentralized grid to meet future energy needs, drive
environmental sustainability, and empower energy consumers
Key Words:- Grid Modernization, Decentralized Energy Systems, Microgrids, Distributed Energy Resources (DERs), Transactive Energy, Smart Meters, Advanced Distribution Management Systems (ADMS), Energy Storage Solutions
Area:-Engineering
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