Open AccessApplication of Smart Grid and Edge Computing Technologies to Improve The Operational Efficiency of The Supply Chain and Logistics Processes
Author(s) -
Suresh Nanda Kumar
Publication year - 2021
Publication title -
shanlax international journal of management/shanlax international journal of management
Language(s) - English
Resource type - Journals
eISSN - 2581-9402
pISSN - 2321-4643
DOI - 10.34293/management.v9i2.4331
Subject(s) - renewable energy , environmental economics , smart grid , grid , intermittent energy source , business , energy supply , wind power , supply chain , energy engineering , efficient energy use , energy (signal processing) , computer science , distributed generation , electrical engineering , engineering , economics , statistics , geometry , mathematics , marketing
Energy demand is growing at a very rapid pace worldwide. Conventional energy sources are being replaced steadily by non-conventional sources such as renewable energy sources like wind, solar, geothermal, hydroelectric etc. This rapid growth in demand for energy compounded by the depletion of conventional, non-renewable energy sources in recent years has brought about a transformation in the energy sector. Households, manufacturers and other consumers of energy can now both produce and consume energy. The flow of energy is bidirectional. They can also either store the surplus power for future use or send it to the grid for sharing with other users of energy. As a result of this transformation, the smart grid came into existence where the producers and the consumers of energy can be the same person and contribute to the supply of energy to the grid.