Smart Grid and digital advancements for energy are in midst of a revolution. On one side, next‐generation decarbonized grid and significant investments in its modernization are driven by the challenges from decentralized generation and high penetration of variable on nondispatchable renewable generation. This drive is fueling a significant growth in unmanaged distributed energy resources (DER), new loads (electric vehicles (EVs) and battery storage), and distributed generation (DG) at various domains of the Smart Grid, particularly the distribution, and at the grid‐edge domains where Smart Grid interfaces the electricity consumers (or users). On the other side, the digital energy revolution, largely driven by the profuse Internet of Things (IoT) technologies, is also undergoing transformative changes with an increase in number of connected devices or systems that can communicate and intelligently act upon information to support the dynamism in the Smart Grid and support the modernization efforts at the state and national levels.
To enable the grid of the future requires collective efforts to address some key challenges: