World-Bank-guide-to-modernizing-electrical-grids
KEPCO signed seven MoU's this week in a bid to advance smart grid development in Latin America

World-Bank-guide-to-modernizing-electrical-gridsThe grids of today will not support the energy goals of the future, states a new World Bank report launched this week.

'Practical Guidance for Defining a Smart Grid Modernization Strategy: The Case of Distribution', is a 119-page document that attempts to redress this problem of ageing power infrastructure.

The research begins with an explanation of the benefits of smart grid adoption for energy companies, followed by practical guidance on how utilities should develop a smart grid strategy.

It states: "Defining a smart grid vision that is aligned with broader power sector goals is key to determining which modernization steps should be taken.

"The current state of the grid, the desired vision, and available technologies—properly prioritized by their costs, benefits, and risks—should then be used to define the incremental steps needed to move forward."

Regulation and funding

The content also covers regulatory and funding issues - "the amount of effort and investment needed to accomplish a high level of grid modernization depends upon the current level of modernization, which can range from having manual control only (no automation at all) to fully automated control and continuous monitoring of all available distribution assets."

The document contains a section on the different interpretations of smart grid, as well as a comprehensive look at technology innovations in distribution grids, from outage management to big data analytics.

'Practical Guidance for Defining a Smart Grid Modernization Strategy: The Case of Distribution' is authored by Marcelino Madrigal, a senior energy specialist at the World Bank’s Energy and Extractives Global Practice, and Robert (Bob) Uluski, a lead consultant at Utility Integration Solutions.

(Pic credit: Reuters)