• Volume: 1
• Issue:02
• Date: 01-02-2024

Title : Advancing Grid Modernization: Transitioning to a Decentralized Energy Landscape – A Comprehensive Review

Abstract: The transition to a decentralized energy landscape represents a transformative shift in modern power systems, driven by advancements in grid modernization. This review explores the key components, challenges, and opportunities associated with this transition, emphasizing the role of distributed energy resources (DERs), smart grids, and advanced communication systems. It highlights how decentralized energy frameworks enhance resilience, reliability, and sustainability in energy systems by integrating renewable sources, enabling peer-to-peer energy trading, and empowering consumers to become prosumers. Furthermore, the paper discusses critical challenges such as cybersecurity, grid stability, regulatory frameworks, and the economic feasibility of deploying decentralized technologies. By examining recent innovations and trends, including blockchain, artificial intelligence, and IoT-based solutions, this study provides a comprehensive overview of the current state and future directions of grid modernization. The findings underscore the importance of collaborative efforts between policymakers, industry stakeholders, and technology developers in realizing a seamless transition to decentralized energy systems, paving the way for a sustainable and efficient energy future

Key Words: Grid Decentralized Energy Systems, Grid Modernization, Distributed Energy Resources (DERs), Smart Grids, Peer-to-Peer Energy Trading, Renewable Energy Integration

Area: Engineering

• Approved ISSN: ----
• Paper Id: IJREISTU14
• Page No: 11-15

• Author: Manoj Kumar

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• Co- Author: Mr. Ashok Kumar Jhala