Volume 4: Issue 4: Transactive Energy: Envisioning the Future

While meaning many different things to many different people, the term smart grid has become a common part of our vocabulary, referring to the convergence of communication and power system technologies, particularly in the presence of widespread distributed energy resources. However, the smart grid is only the first step in modernizing our electrical infrastructure - once we have communications and distributed capabilities, we need a means to engage and control diverse utility-owned and third-party assets in a sustainable and reliable manner.