As the world’s fastest-growing energy market, Asia is projected to see a surge in power demand of up to 60% by 2040. To cope with this rising power demand, Asia’s electricity market is now open and this has prompted countries to invest in smart grids and microgrids as an effective means to meet the growing electricity demand.
However, the power grid market still face challenges such as grid reliability and stability in light of power disturbances due to natural disasters and cyberattacks, imbalance of power demand and supply and the lack of constant electricity supply to localised and remote areas due to power outages.
Taipei Smart City Project Management Office
Enterprise Architecture Chief, IT Strategic Planning
Electricity Generating Authority of Thailand
Sujay Kumar Saha
Head - Demand Side Management, Home & Industry Automation