IP Review Autumn 2017

Smart Grid technology is an umbrella term for interrelated technologies with the common aim of improving existing energy networks. It covers more efficient and flexible energy generation, storage and distribution, and allows consumers to control their personal consumption better. A Smart Grid has the ability to manage a diverse input of energy sources, including renewables like wind, solar, and hydropower, as well as more conventional carbon-based and nuclear fuels. Furthermore, increased interconnectivity and efficient energy storage allow Smart Grids to connect better with the maturing arena of distributed power generation, easing the pressure on central providers. With the number of patent filings in the area of Smart Grid technology more than doubling in the last three years, we’re seeing a strong and sustained increase in R&D and investment as Smart Grid tech continues its transition from the concept stage to a developing marketplace. Moreover, as energy generation and harvesting technologies become increasingly reliable and accessible, a growing number of individuals and SMEs are entering the marketplace with their own smart solutions, ranging from intelligent thermostats and smart meters to home batteries and generators. The growing prevalence of de-centralised energy generation calls for an energy distribution infrastructure that is capable of accepting energy frommany different sources, storing it efficiently and effectively, and providing it where and when it is needed. In order for this technology to fulfil its potential, all aspects of the Smart Grid initiative need to evolve together. Supply side innovation needs to keep pace with new developments in the distribution and consumption of energy. For example, without establishing solid communication Getting smart with clean technology An upturn in innovation activity in the area of Smart Grid technology in Europe is signalling a positive development in clean energy generation and distribution. This activity is helping to establish the infrastructure necessary to support an increasing number of large scale energy projects as well as a growing number of localised energy producers. Clean Tech 8 IP review autumn 2017