Manya Rathore
Research expert covering India
Smart grids worldwide - statistics & facts
Digital innovations are driving changes worldwide, including in global power networks. Smart grids are multi-directional networks that allow the exchange of real-time information between suppliers and users. Their implementation – through the deployment of technologies such as smart meters and energy storage – will be an important factor in guaranteeing an efficient and stable supply of increasingly green electricity. Cumulative investment in power grids is forecast to increase in all regions between 2024 and 2050, with the largest amount coming in the Asia Pacific region. Alone in 2023, 87 billion U.S. dollars was spent on power grid technology in the U.S., with over 300 billion U.S. dollars' worth of global investments in power grid technology that year globally.
