Smart Grid with Internet of Things Applications

Abstract

The smart grid, an updated energy infrastructure using cutting-edge communication and information technology, is replacing traditional power grids. The Power Internet of Things (PIoT) integration enhances efficiency by managing informational flows in tandem with inherent energy fluxes throughout transmission, distribution, or generation processes. This article argues in favor of incorporating new revenue streams into existing smart grids, highlighting the untapped potential of innovative services and market mechanisms, and enhancing efficiency through the exchange of valuable data to supplement scarce resources and the latest 5G advancements. The Savvy Network (SG) concept aimed to change how the electrical matrix base and capabilities were managed by the flow framework. The Sharp Lattice perspective was added to the conventional power structure to improve the way that age, transmission, and flow networks interact together. However, more advanced features like programmed directionality, safety, adaptability, self-healing and mindfulness, continual assessment, and layer-to-layer commonality are not included in either the current or previous conceptions of smart networks. The future Massive Internet of Things (MIoT) is one of the main components of the 5G/6G network factory. This study investigates the architecture and issues of the future generation of smart grids, focusing on AI-powered smart grids and the integration of AI, IoT, and 5G, to improve smart grids. The smart grid is a new development in science and innovation that has increased vulnerability to hackers. This article provides an overview of the security considerations of IoT-backed smart grids, highlighting the potential benefits of incorporating new revenue streams, innovative services, and market mechanisms.