Digital and IoT solutions are making power grids smart. They create new opportunities to integrate renewable energies into the grids. Smart grids can react intelligently and adaptively to changes in the grid. Energy intelligence enables the use of data in the grid for economical, flexible and secure grid operation. This also gives rise to new business opportunities, for example at the grid edge, the transition from the public power grid to the private grid. Dr. Michael Weinhold, Head of Technology and Innovation at Siemens Smart Infrastructure, tells us what these look like and why smart grids are indispensable for the new energy world.

Timeline:

• 3.16: What exactly are smart grids and why do we need them at all?