grid-modernization

Vocabulary Word

Definition

'Grid-modernization' refers to improving the way we get and use electricity. This is achieved by updating our old electricity grid, much like updating our old computers to get better performance.

Examples in Different Contexts

In the energy sector, 'grid modernization' refers to the upgrading of electrical grids to incorporate smart technology, improve reliability, and support the integration of renewable energy sources. An energy policy analyst might say, 'Grid modernization is key to ensuring our energy infrastructure can meet future demands and facilitate the transition to green energy.'

Practice Scenarios

Business

Scenario:

These frequent outages are affecting our distribution strategy. We need to assess our investment priorities.

Response:

Absolutely, prioritizing grid-modernization can reduce power outages and improve reliability.

Operations

Scenario:

The current state of our power grid operations isn't efficient. Improving our infrastructure technologies might be a wise step.

Response:

You're right. Grid-modernization will certainly help in making our power grid operations more efficient.