Smart grids in South Korea help the country use more renewable energy sources and cut overall energy consumption." The "smart" in a grid is achieved through an installed software rather than hardware, banking more on the element of intelligence for more consistent upgrades, patterns learning, and timely response to new technologies. The South Korean smart grids include the following components: Internet in South Korea is more robust and developed than in almost any other country, with gigabit wired service being common even in fairly rural areas. Accordingly, Korean initiatives in smart grid and Internet of things largely take reliable backhaul connectivity for granted. The country's
Smart grid in the United States (FOA) that will lay the groundwork for providing nearly $4 billion in American Reinvestment and Recovery Act funds to support smart grid projects. The Notice of Intent was issued for DOE's Smart Grid Investment Grant Program, which will provide grants of $500,000 to $20 million for smart grid technology deployments and grants of $100,000 to $5 million for the deployment of grid monitoring devices. The program will provide matching grants of up to 50% of the project cost, and the total funding for the program is $3.375 billion. In addition, the draft FOA paves the way toward an offer of