Smart grid cost savings to exceed $125bn by 2027

A new study from Juniper Research has found cost savings from smart grid deployments will exceed $125 billion globally in 2027, increasing from just over $33 billion in 2022. This 279% growth will be driven by rising energy prices, with smart grid technologies playing a critical role in increasing network efficiency and optimising resource management. The smart grid market report identified abilities of AI-based analytics as crucial to maximising benefits of new renewable energy sources, by acti