Smart Grid solutions, services, and business models focused on Telco

Lee, Jisun; Jung, Dongmin; Kim, Yoonkee; Lee, Young-Woo; Kim, Young-Myuong

doi:10.1109/nomsw.2010.5486554

Cited by 31 publications

(7 citation statements)

References 2 publications

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“…The authors of this paper describe how to obtain a profit from the principles of microgrids based on a commercial point of view by describing the works done by the largest Korean telecommunications company [6]. According to their perspective, the Smart Grid can be divided in three different layers: (a) physical power layer used to transmit and distributed power, in a way not dissimilar to what would be done by a Transmission System Operator; (b) data transport and control layer (used with the purpose of offering two-way communications typical of a microgrid among different actors); and (c) the application layer where the facilities offered to the end users (Advanced Metering Infrastructure, Demand Response, Distributed Energy Generation and Storage) are located.…”

Section: Smart Grid Solutions Services and Business Models Focused mentioning

confidence: 99%

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A Study on Applicability of Distributed Energy Generation, Storage and Consumption within Small Scale Facilities

2016

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Distributed generation and storage of energy, conceived as one of the prominent applications of the Smart Grid, has become one of the most popular ways for generation and usage of electricity. Not only does it offer environmental advantages and a more decentralized way to produce energy, but it also enables former consumers to become producers (thus turning them into prosumers). Alternatively, regular power production and consumption is still widely used in most of the world. Unfortunately, accurate business models representations and descriptive use cases for small scale facilitates, either involved in distributed energy or not, have not been provided in a descriptive enough manner. What is more, the possibilities that electricity trade and its storage and consumption activities offer for small users to obtain profits are yet to be addressed and offered to the research community in a thorough manner, so that small consumers will use them to their advantage. This paper puts forward a study on four different business models for small scale facilities and offers an economical study on how they can be deployed as a way to offer profitability for end users and new companies, while at the same time showing the required technological background to have them implemented.

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Section: Smart Grid Solutions Services and Business Models Focused mentioning

confidence: 99%

“…Thus, the number of charge cycles required (Nc) has been included in Equation (6), as the relation between the investment made in buying and installing the home battery (Inv) and the User Profit for a charge cycle (Upc).…”

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A Study on Applicability of Distributed Energy Generation, Storage and Consumption within Small Scale Facilities

2016

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“…For example, Lee et al [21] describe a proposal that is split into four different layers: the physical power layer, the data transport and control layer and the application layer. The architecture division is the one that could be foreseen, as it divides the functionalities from the ones that are more hardware-focused into the ones more related to what a non-technology proficient user could utilize.…”

Section: Other Proposals For Prosumer Business Models In the Smart Gridmentioning

confidence: 99%

Business Models in the Smart Grid: Challenges, Opportunities and Proposals for Prosumer Profitability

et al. 2014

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Considering that non-renewable energy resources are dwindling, the smart grid turns out to be one of the most promising and compelling systems for the future of energy. Not only does it combine efficient energy consumption with avant-garde technologies related to renewable energies, but it is also capable of providing several beneficial utilities, such as power monitoring and data provision. When smart grid end users turn into prosumers, they become arguably the most important value creators within the smart grid and a decisive agent of change in terms of electricity usage. There is a plethora of research and development areas related to the smart grid that can be exploited for new business opportunities, thus spawning another branch of the so-called "green economy" focused on turning smart energy usage into a profitable business. This paper deals with emerging business models for smart grid prosumers, their strengths and weaknesses and puts forward new prosumer-oriented business models, along with their value propositions.

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“…Power quality is one of the main issue of the smart grid research where voltage, current and frequency deviations in the power system are the main concerns of the system operator [7]. The characterization of the incompatibilities caused by these deviations requires an understanding of their principal cause.…”

Section: Introductionmentioning

confidence: 99%

“…This is due to the fact that measurements retrieved from numerous locations of the grid can be used for data analysis. These measurements can also be used for a variety of issues such as voltage control, power quality and reliability, power system and equipment diagnostics, power system control and protection, etc [2][3][4][5][6].Power quality is one of the main issue of the smart grid research where voltage, current and frequency deviations in the power system are the main concerns of the system operator [7]. The characterization of the incompatibilities caused by these deviations requires an understanding of their principal cause.…”

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Recent advances of the signal processing techniques in future smart grids

Uddin

Ahmad

Qamar

et al. 2018

Hum. Cent. Comput. Inf. Sci.

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IntroductionSmart grid is a network of electric supply that manages power demand in reliable and economic manner by detecting and reacting to local changes in usage. The infrastructure comprises of smart meters, appliances, and resources with a combination of modern technologies like, control, power, instrumentation, and communication. In such a complex scenario, signal processing techniques are essential to understand, plan, design and operate the complex future smart electronic grids [1]. In addition to this, signal processing has wide variety of applications and is becoming an important tool for electric power system analysis. This is due to the fact that measurements retrieved from numerous locations of the grid can be used for data analysis. These measurements can also be used for a variety of issues such as voltage control, power quality and reliability, power system and equipment diagnostics, power system control and protection, etc [2][3][4][5][6].Power quality is one of the main issue of the smart grid research where voltage, current and frequency deviations in the power system are the main concerns of the system operator [7]. The characterization of the incompatibilities caused by these deviations requires an understanding of their principal cause. Other possible aspects that need inspection are the efficient representation of the voltage and current variations in various electrical Abstract Smart grid is an emerging research field of the current decade. The distinguished features of the smart grid are monitoring capability with data integration, advanced analysis to support system control, enhanced power security and effective communication to meet the power demand. Efficient energy consumption and minimum costs are also included in the prodigious features of smart grid. The smart grid implementation requires intelligent interaction between the power generating and consuming devices that can be achieved by installing devices capable of processing data and communicating it to various parts of the grid. The efficiency of these devices is greatly dependent on the selection and implementation of the advance digital signal processing techniques. This paper provides a comprehensive survey on the applications of signal processing techniques in smart grids, plus the challenges and shortcomings of these techniques. Furthermore, this paper also outlines some future research directions related to applications of signal processing in smart grids. Uddin et al. Hum. Cent. Comput. Inf. Sci. (2018) Page 2 of 15 Uddin et al. Hum. Cent. Comput. Inf. Sci. (2018) 8:2 equipment. Moreover, the signal processing of the power patterns leads to better understanding the behavior of these equipment. Continuous monitoring is also required to capture various events and variations. To meet future demands, methods and techniques must be developed to explore the full range of signals derived from the complex interaction between suppliers, consumers and network operators [8]. REVIEWA smart grid performs measurement, monitoring ...

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Smart Grid solutions, services, and business models focused on Telco

Cited by 31 publications

References 2 publications

A Study on Applicability of Distributed Energy Generation, Storage and Consumption within Small Scale Facilities

A Study on Applicability of Distributed Energy Generation, Storage and Consumption within Small Scale Facilities

Business Models in the Smart Grid: Challenges, Opportunities and Proposals for Prosumer Profitability

Recent advances of the signal processing techniques in future smart grids

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