The global power system is in the midst of a grand transformation. The world is transitioning from an electricity system based primarily upon large, centralized generation, transmission and distribution (T&D) technologies, to one that also embraces distributed, digitally-enhanced, and low-carbon technologies. Traditional and emerging, physical and digital, large and small, are all converging to create a new twenty-first century power network.
This transformation is a positive development for people and the planet. That’s because safe, efficient, reliable, and affordable power has long been a driver of economic growth and rising living standards. As more sustainable, intelligent, and customizable energy solutions become available, economic opportunities and the quality of life will rise for millions.