Many countries, including Sweden, Germany, Japan and India are establishing or have already implemented standards and norms pertaining to energy consumption and carbon footprint reduction. Efficient energy consumption is one of the most cost-effective methods for the reduction of carbon footprints and is therefore in line with EcoPhi's purpose.
The current modes of transmission and distribution of electricity are unreliable, unstable, and inefficient to meet customer demand owing to outdated or aging infrastructure. Hence, the aging energy
infrastructure needs to be either upgraded or replaced with smart grid technology to achieve high performance and minimize power outages over an extended period.
The increasing adoption of renewable energy sources has propelled the need for smart grid
technology. With over 15% of energy now generated from renewables, smart grids offer reliability, resilience, and outage management capabilities. By leveraging cloud-based data processing and autonomous control, smart grids enable faster power restoration, reduce outage costs, and optimize renewable energy integration. In summary, smart grids transform traditional grids, providing enhanced reliability, cost savings, and a more sustainable energy
future.
Governments across the world have imposed several supportive policies and mandates, focusing on implementing smart grids and spreading awareness about energy conservation. These regulations drive the adoption of smart grid technology for industrial,
commercial, and residential applications.