With a decade long economic expansion United States and sustained economic growth
in India and China, world’s energy needs are growing at a steady pace. The global
primary energy consumption went up by 2.2% in 2017, the fastest growth since 2013.
The economic impact of a power outage is massive, with eight key U.S. market segments
studied by energy consultant E Source losing about
$27 billion per year due to power outages. Now
more than ever, all power grid operators need faster energy management systems to balance and
even out the spikes in demand or drops in supply to minimize the impact of outages.