The economic, environmental, and social implications of implementing smart grid management systems

Smart grid energy systems are considered the future of electrical grid management and delivery. These technologies and programs are innovative ways to ensure a reliable electricity grid, promote renewable energy, increase efficiency, and enhance consumer control. Smart grids operate as automated or computerized systems that centralize electricity grid control and ultimately provide a more resilient power grid. The research will examine how organizations, businesses, and jurisdictions can transition from a conventional grid management system to smart grid technologies. An in depth analysis will be conducted regarding government programs and initiatives to compensate parties who have invested in smart grid energy management systems. Additionally, social and environmental impacts will be assessed, on both a provincial and federal level, to determine the benefits of a transition to smart grid technology. Eco-Shift Power will gain essential knowledge of developments and market trends in an ever-evolving energy sector. The research will provide their business with relevant information on the smart grid approach, how to implement the technology, and available incentive programs. This will add tremendous value to their business model in terms of energy cost reduction, corporate social responsibility, and improving sustainability.

Faculty Supervisor:

Ian Colquhoun

Student:

Partner:

Eco-Shift Power Corp

Discipline:

Engineering

Sector:

Professional, scientific and technical services

University:

Western University

Program: