Enabling grid modernization for a smart energy future
Smart grids are energy management networks that distribute electrical energy using digital technologies and IoT solutions. Corinex’s smart grid solution consists of grid management software GridValue and smart energy products EnergyGrid. It integrates distributed energy devices and provides real-time energy data, analytics, and predictive models.
An adaptable, secure, and sustainable smart electric grid enabled by energy modernization
Integrating smart grid technology into the electric grid creates new opportunities for decarbonizing our economies by enabling live management of renewable energy installations, and energy distributors and consumers by reducing energy waste and energy storage facilities, and increasing the energy efficiency of existing energy distribution networks.
These smart grid solutions provide value to both energy distributors and energy consumers by reducing energy waste and energy costs.
Socio-environmental factors such as urbanization and climate change are increasing renewable electricity’s share of global energy consumption. This is leading to a progressive transformation of the energy landscape spurred by governmental incentives to decarbonize and integrate renewable energy. Intermittent energy resources such as wind farms, solar, etc., have highly variable energy output and are often decentralized, causing changes in energy flows that pose a challenge for the existing electric grid.
To address these challenges, the energy industry is investing in smart grid technologies that sense and optimize the electric grid. A smart grid solution can help energy providers and utilities reduce rising costs, and address issues of power quality, grid stability, and aging equipment.
Corinex smart grid solution
Smart grid brings new opportunities to increase energy asset lifespan, optimize supply and demand, reduce electric grid maintenance costs, and create new revenue streams. Corinex is the world leader in Broadband over Power Lines (BPL) technology for energy management and electric grid modernization. Our smart grid solution, EnergyGrid, is a vertically integrated smart grid solution designed to connect, facilitate, and manage large and scalable deployments.
By enabling proactive operations, predictive maintenance, remote troubleshooting with energy management analytics, and other IoT features, a smart grid solution allows utilities to operate their electric grid infrastructure far longer, and with sizeable labor and material cost savings.
Smart grid enhances reliability
Smart grid reduces the frequency and duration of outages, the cost of interruptions and power quality disturbances, and the probability and consequences of widespread blackouts.
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Smart grid improves efficiency
Smart grid improves the efficiency of electric grids by reducing the cost of generating, transmitting, and consuming electricity; it also reduces O&M costs, capital investments, energy usage, and energy waste.
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Smart grid builds resilience
Smart grid offers a more resilient operational environment that guards against cyberattacks as well as natural disasters. An electric grid integrated with smart grid technologies can deter and withstand physical and cyber-attacks and improve public safety.
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Smart grid creates opportunity
By enabling a larger penetration of renewables and improving reliability, efficiency, and safety, smart grid generates opportunities that result in the creation of new products and services, stimulation of operational economics, and the reduction of emissions.
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Pioneering a new era of digital energy with smart grid solution
Corinex is committed to supporting our customers in achieving their goals, delivering the world's best smart grid solutions that are built around a philosophy comprising three core components, helping our customers become 'grid edge natives'.
Integrated Electric Grids
With more devices and connections in the energy grids requiring high-speed communication, Corinex provides industry-leading smart grid solutions with the highest level of security and near real-time analytics that manage these increasingly complex systems. These solutions are enabling utilities to take full control of their electric grid operations.
As utilities’ assets become more distributed and consumers contribute a greater share of renewable energy, energy management systems become key. Corinex provides state-of-the-art data aggregating and analyzing smart grid software, enabling utilities to provide the next generation of smart grid applications and services.
As a technical leader in the development of the standardized broadband over power lines (BPL) technology, Corinex works in close collaboration with industry associations and main smart grid market players. We promote an open exchange of information, to benefit global energy customers.
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Corinex’s complete smart grid solutions for modernizing the electric grid enable high-speed communication over power lines, computing at the edge of the grid, and high levels of security. Discover how Corinex’s other grid modernization solutions help reshape the energy landscape by bringing intelligence to the electric grid.
Smart grid reduces operational costs by eliminating the need for manual truck rolls and labor to read meters and less demand on call center operations, engineering, and outage response resource.
As electricity distributions are interrupted less frequently and for shorter durations, it ensures a more stable stream of utility revenues.
Improved regulatory compliance
Smart grid solutions can help utilities meet regulatory obligations to reduce carbon emissions by making greater use of renewables and supporting more efficient generation, transmission, and distribution.
Enhanced customer engagement
More tailored and competitive products and services can be provided by utilities due to the ability to collect insights and an accurate picture of customers’ usage patterns.
Improved employee safety
Employees of utility companies are subjected to hazardous conditions less frequently, consequently reducing operational and management costs.
By efficiently managing peak load and energy consumption, smart grid solution allows utilities to "get more through existing assets"
Employee productivity can be greatly improved through the integration of smart grid technologies that optimizes the O&M process.
Extended asset life span
Smart grid extends the life span of energy grids and utilities’ assets through improved asset health management.
Improved load forecasting
Smart grid technology enables more accurate analysis and predictions of peak load and energy consumption patterns, providing utilities with more information to make decisions when new capital investments are needed.
With the real-time two-way connection that smart grid technology provides, utilities can remotely and instantaneously manage the energy grids, resulting in a reduction of the probability that a man-made cyber or physical attack could occur.
Improved operational safety
Smart grid technology reduces the theft and vandalism of property due to the increased detection and communication capability.
Shortened restoration time
Smart grid technology improves restoration times following the damages to the energy grids caused by storms and other natural disasters.
Improved employee safety
Smart grid technology reduces the operational risks and hazards inherent in electric systems, allowing a shorter time of exposure to those hazards for utility workers.
More diversified demands
Smart grid technology creates new opportunities for renewable generation and storage to support and integrate increased levels of intermittent resources.
Smart grid technologies such as distributed energy resources (DER), microgrid, and vehicle-to-grid (V2G) can create numerous opportunities for utilities and energy providers to leverage their resources and enter new markets.
Due to the improvement in metering accuracy of the smart grid over the traditional grid, reduction in the cost of outage response resources, and more efficient generation, transmission, and distribution of electricity, steady and strong revenue growth is subjected to be seen.
Reduced carbon footprint
Smart grid can reduce emissions by enabling the integration of clean, renewable generation sources, reducing electrical losses, increasing penetration of distributed energy sources, and increasing energy conversation through feedback to consumers.