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The Grid Edge Transformation (GET) project, that has a futuristic vision on harnessing the potential of electricity for mankind, is an initiative of
World Economic Forum
UN Energy Division
World Bank
International Energy Institute
The World Economic Forum initiated the Grid Edge Transformation (GET) project to explore the impact of three trends on the electricity system: decentralization, electrification, digitalization. These three trends act in a virtuous cycle, enabling, amplifying and reinforcing developments beyond their individual contributions. Their potential for disruption is fuelled by three main elements: exponential decreasing technology costs; enabling innovative business models; more efficient electricity system asset utilization. These trends are presently at the “grid edge” – smart and connected technologies at the end of the electric power grid. They encompass all of the major technologies – such as distributed storage, distributed generation, smart meters, smart appliances and electric vehicles – that are impacting the electricity system. Adoption of new “grid edge” technologies globally could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years
By: kamaljeet kaur ProfileResourcesReport error
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