smart grid technology
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Electric vehicles were proposed as a good solution to solving energy crisis and environmental problems caused by the traditional internal combustion engine vehicles. In the last years due to the rapid development of the electric vehicles, the problem of power grid integration was addressed. In order to not put additional pressure onto the power grid several new technologies were developed. This chapter presents the smart grid technology, vehicle-to-grid concept, and electric vehicles grid integration. These technologies made possible the integration of electric vehicles without any major changes in the power grid. Moreover, electric vehicles integration brought new benefits to the power grid like better integration of renewable energy.

Smart grid technology is a radical approach for improvisation in existing power grid. Some of the significant features of smart grid technology are bidirectional communication, AMI, SCADA, renewable integration, active consumer participation, distribution automation, and complete management of entire grid through wireless communication standards and technologies. Management of complex, hierarchical, and heterogeneous smart grid infrastructure requires data collection, storage, processing, analysis, retrieval, and communication for self-healing and complete automation. Data mining techniques can be an effective solution for smart grid operation and management. Data mining is a computational process for data analysis. Data scrutiny is unavoidable for unambiguous knowledge discovery as well as decision making practices. Data mining is inevitable for analysis of various statistics associated with power generation, distribution automation, data communications, billing, consumer participation, and fault diagnosis in smart power grid.

The authors investigate customer value of smart grid application in smart city from the perspective of main research paradigms of customer value. Data is based on questionnaire for customers (N=131), deep interviews among specialists (7=N), and two months of observation. The results show that the typical user of smart grid technology is a male aged between 30 and 69 who considers that using the application is interesting because of the perceived benefits. Developing strong customer relationship is formed through the provision of e-service quality that has a key role in maintaining customer trust, satisfaction, and loyalty. End-product and service process paradigms to measure customer value do not fully take the complex context of smart cities into consideration, and the ecosystem paradigm must be developed to analyze customer value in smart cities in interactive dynamic decentralized environment where cumulative big data is used to match the customer needs with new digital services.

The term "smart grid" refers to the transformation of the traditional electric power grid into a modern grid. Modernization of the present electric power system is an important step to implement the Smart Grid technology. The structure of the existing power sector in Bangladesh is almost a hundred years old. Due to which the power sector of Bangladesh facing huge power wastage. A Smart Grid also ensures the efficient transmission and distribution of electric power. This paper gives a brief description of Smart Grid, the latest trends, challenges, prospects, cost analysis of smart grid equipment, and its facility. The spotlight of this paper is to implement the Smart Grid's perspective to Bangladesh. That’s included to have new distributed generation technology, smart meter, a pilot project, etc. Also, the main objective of this paper is the comprehensive development of transmission and distribution loss reduction, which will be saving a big amount of capital every year. And that will play a huge role in the economy of Bangladesh to move forward in global progress.

In this century where everyone is talking about making machine smart, intelligent, it is need of technology to go two steps ahead and make smarter systems upon which humans can rely. Smart Grid is nothing but making the systems at home intelligent so as to make life easy without spending lot of money. This paper will help you understand what actually smart grid is, how it can be implemented and mainly focus upon the wireless communication in Smart Grid. The paper will present the architecture of Smart Grid using wireless connectivity and explain the importance of Home Area Networks. Security is the measure concern in case of wireless communication which is explained with some of the protocols to be used and Methods to avoid security threats. Wireless Technologies like Wi-Max, Wi-Fi, Zig-Bee and their use in the Smart Grid architecture is covered. Today, we are searching for a solution with less efforts and maintenance required and for the complicated electrical system, Smart Grid is the best solution to be implemented. Conventional Grid could not solve the problem of peak loads where users/consumers were unable to receive a proper service, it is complicated for the central system to manage large amount of load alone. Smart Grid solves this problem by distributing the management of energy and how it does, we will see in some of the chapters in this report. Smart devices like smart meters, Electric Vehicles can be used to make homes smarter. Smart Grid technology does not solve the problem of electricity only but also for water, gas etc. This technology is most suitable for smart city/village projects helping in making smarter devices and using communication between the devices, making human life more reliable and comfortable.

Depletion of fossil fuel deposits is the main current issue related to the world’s power generation. Renewable energy sources integrated with energy efficiency represent an effective solution. The electrification of end-use coupled with renewable power generation integration is considered as an important tool to achieve these tasks. However, the current electric power system does not currently have the suitable features to allow this change. Therefore, in the future, it has to allow two-way direction power flows, communication, and automated controls to fully manage the system and customers. The resulting system is defined as the smart grid. This article analyses the smart grid state of play within China, the US, and the EU, assessing the completion state of each smart grid technology and integrated asset. The analysis related to these countries presented here shows that the smart grid overall state of play in China, the US, and the EU are equal to 18%, 15%, and 13%, respectively, unveiling the need related to further efforts and investments in these countries for the full smart grid development.

<span>The idea of smart grid (SG) technology has revolutionized the traditional power system and has made it more efficient, robust and reliable in a number of ways. SG networks are recently upgraded networks of associated objects of information and communication technology (ICT) and core technology. Many active research areas have been developed to achieve the goals and planned requirements of the transfer of power systems from the traditional grid to the SG. Despite the significant characteristics of SG, future research needs to resolve numerous problems relating to core and ICT technology. This analysis paper identifies the challenges facing SG growth, potential research directions and also proposes possible solutions to some of these challenges, thus achieving the SG goals and planned requirements.</span>

The contemporary epoch is under a serious energy crisis. With increasing energy demands and exhausting energy resources, this catastrophe is difficult to get through. Sustainable and efficient utilization of energy resources can pave the way to a world with, energy for all and energy forever. Electrical energy, the most widely used form of energy, if used efficiently and sustainably can ease the overall energy crunch. This paper gives an insight into how the adaptation of SMART GRID TECHNOLOGY can consequently relieve the pressure on energy demand and secure the energy resources for the future