The electric grid of the future is already taking shape, with many paradigm shifts driven by the integration of information and communication technology, the large deployment of renewable generation and large loads, and infrastructure changes. Power systems as we know them today are becoming increasingly multi-layered, shaped by physical constraints and advancements in grid technology. This means legacy systems need to adapt by implementing innovations such as decentralized control, adaptable infrastructure, and other smart grid solutions.

This book offers an in-depth discussion of the challenges facing the future power grid. It provides a framework for coordinating the efforts of engineers, regulators, and political leaders in developing policies based on strong technical foundations. Addressing technical challenges, relevant technologies, and future objectives of the power grid, as well as environmental requirements, the digital economy, and the policies and strategic leadership that will deliver the next-generation power grid, this book offers a holistic and thorough approach to creating a new, effective, extensively decarbonized energy system.

Chapters cover cyber-multi-physical grids, reliability, hosting capacity, challenges to grids, grid energy storage, system topologies and converter technologies, substation monitoring, intelligent operation and AI, security, and climate change. Infrastructure interdependencies and the socioeconomic aspects, such as the digital economy, electricity access, future engineering skills, transactive design, innovation, policy, and leadership, are also explored. Written for an audience of researchers, engineers, policymakers, and students, this book is an important resource for anyone interested in the design and operation of the future power grid.