Tags: Smart Grids 2022

4 FAQs about Smart grids 2022

How has China accelerated smart grid investment in 2022?

In 2022, China accelerated smart grid investment with the State Grid Corporation of China (SGCC), budgeting more than RMB500 billion for ultra-high-voltage projects, increasing the digitisation of its grids and upgrading the distribution network's ability to cope with China's RE expansion.

What is the future of smart grids in China?

In March 2022, the 14th Five-Year Plan for a Modern En- ergy Systemhas been published and outlines the main technological development direction of smart grids in China.

Which countries are investing in smart power grids in 2022?

Japan announced in 2022 a funding programme of USD 155 billion to promote investments in smart power grids. India launched in 2022 an INR 3.03 trillion (Indian rupees) (~USD 38 billion) scheme to support power distribution companies and improve distribution infrastructure.

How do smart grids impact CEOs in 2022?

According to KPMG's 2022 CEO Outlook, based on a survey of over 1,300 global CEOs, long term digital transformation and ESG/sustainability make up two of the top four trends impacting businesses globally.148 Smart grids straddle these two issues in a way that impacts stakeholders across a number of sectors.

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