Explanation:

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