The Smart Grid is a concept of the 21st century, which in first place fosters reduction of CO2 emissions in the environment, increased use of renewables, more sustainable use of energy and all these at growing demand on electricity consumption.
Obviously these demands cannot be met with an electricity network from the past century, but rather with intelligently integrated actions of all users connected to it, generators, distributors and consumers.
A smart grid combines innovative products and services together with advanced monitoring, control, self-healing technologies and two-way communication among the parties involved.
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