The current mode of transmission and distribution of electricity has proven to be unreliable and inefficient. This is because the grid technology currently in use has changed very little since it was developed. Researchers are now experimenting with smart grid technologies to overcome the shortcomings of the traditional grid. A smart grid can help reduce greenhouse gas emissions by up to 211 million metric tons and is much more reliable than a traditional grid. This is what is driving investors to put their money in this new technology. By 2020, the industry is expected to have a valuation of over $400 billion.
To learn more, checkout the infographic below sponsored by the University of California, Riverside’s Online Master of Science in Engineering program.