The existing electricity networks and their architecture are already way beyond the
current market needs and there is an urgent need for a whole new approach,
architecture, design and control in order to evolve from a located remotely from
demand center energy system to a user centric network. Through implementing
the smart grid, there is a significant increase in the quantity, quality and use of data
available from advanced sensing, computing, and communications hardware and
software resulting to significant environmental and economic benefits. In this
paper we are going to examine the possibility of establishing an innovative
company located in Greece which will provide to the global market smart grid
solutions and services. We will examine the opportunities that have been created
from the rapidly developing renewable energy sources, the antiquated electricity
grid which cannot absorb the renewables' power production and service the
growing energy demand.
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