China is planning on establishing a nationwide smart power grid, employing technologies including 5G and artificial intelligence (AI). The plan has been outlined by the State Grid Corporation, the largest utility company in China.
Nicknamed the "Ubiquitous Power Internet of Things," the project would link the Internet with the nation's electricity supply. An initial phase-completion date has been set for 2021, with a final-phase completion date of 2024. This falls in line with China's predicted $77.6 billion spending for smart grid infrastructure over the next ten years.
Decentralization of the world's electrical power generation continues with the introduction of demand response, distributed generation, and microgrid technologies. This Patent Forecast evaluates the fundamental payment and settlement state of the art of clearing and processing energy payment transactions.
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Decentralization of the world's electrical power generation continues with the introduction of demand response, distributed generation, and microgrid technologies. This Patent Forecast evaluates the fundamental payment and settlement state of the art of clearing and processing energy payment transactions.