A smart grid is an electrical grid composed of infrastructure, hardware and software solutions that allow bidirectional communication between all system components and players for efficient generation and distribution of power across the supply chain. It is generally identified as an independent distributed system. It can generate energy, including renewables and storage, from many sources. In addition, this system allows suppliers and customers unparalleled administration and control capabilities.
In contrast to a standard one-way grid, a smart grid is a sophisticated network that involves several two-way exchanges between the equipment and the supply chain operators. This design allows many possibilities for movement and management of the produced power.
Biz4intellia's smart grid infrastructure promotes two-way contact between utilities and customers in real-time and allows software systems to monitor and manage power usages at the manufacturing and customer ends.