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The aging electric infrastructure is facing increasing pressure to enhance its operations beyond its original design capacity. The modernization of grid networks to make them "smarter" and more resilient through the incorporation of innovative equipment, technologies, and controls will have a positive impact on the business outlook. These units work in tandem and communicate to provide electricity more efficiently, significantly reducing the duration and frequency of power outages, expediting service restoration, and mitigating the impact of storms during outages.
Consumers can gain better control over their energy consumption and costs through improved access to data. Furthermore, utilities can reap various benefits from a modernized grid, including decreased peak loads, enhanced security, reduced operational expenses, and increased integration of renewable energy sources.