Electricity Meets the Sharing Economy. 3 Bits of Intel to be Informed.

The report: by the World Economic Forum, The Future of Electricity: New Technologies Transforming the Grid Edge

What technology is considered part of the sharing economy? Grid Edge Technology

What is Grid Edge Technology? Smart and connected technologies at the end of the electric power grid, such as:

• distributed storage
• distributed generation
• smart meters
• smart appliances
• electric vehicles

Why is this compared to the sharing economy? Because it puts the consumer in charge by:

• producing their own electricity
• storing their own electricity
• consuming electricity at a cheaper time
• selling electricity back to the grid

Modern Diplomacy | Power to the People: How the Sharing Economy Will Transform the Electricity Industry