Smart grids support the energy transfer methods of the future: load profiling, demand flexibility and response, demand-driven power production, and two-way transfer of electricity and data. The grids provide opportunities for developers of e.g. distributed energy generation, cyber security, 5G, and network management solutions.
Finland has one of the most advanced smart grids in the world, and currently, the focus is on developing smart grid 2.0. Smart meters – installed in every household in the country – track consumption and network operation in real time, generating data not only for the energy company but clients and other actors as well. Moreover, the national demand response program ensures the smooth operation of the Finnish energy system, and consequently, the grid reliability at transmission lines is 99,9998%.