Electrical grid in the context of Electrical power

Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and private physical structures such as roads, railways, bridges, airports, public transit systems, tunnels, water supply, sewers, electrical grids, and telecommunications (including Internet connectivity and broadband access). In general, infrastructure has been defined as "the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions" and maintain the surrounding environment.

Especially in light of the massive societal transformations needed to mitigate and adapt to climate change, contemporary infrastructure conversations frequently focus on sustainable development and green infrastructure. Acknowledging this importance, the international community has created policy focused on sustainable infrastructure through the Sustainable Development Goals, especially Sustainable Development Goal 8 "Industry, Innovation and Infrastructure".

Public works are a broad category of infrastructure projects, financed and procured by a government body for recreational, employment, and health and safety uses in the greater community. They include public buildings (municipal buildings, schools, and hospitals), transport infrastructure (roads, railroads, bridges, pipelines, canals, ports, and airports), public spaces (public squares, parks, and beaches), public services (water supply and treatment, sewage treatment, electrical grid, and dams), environmental protection (drinking water protection, soil erosion reduction,wildlife habitat preservation, preservation and restoration of forests and wetlands) and other, usually long-term, physical assets and facilities. Though often interchangeable with public infrastructure and public capital, public works does not necessarily carry an economic component, thereby being a broader term. Construction may be undertaken either by directly employed labour or by a private operator.

Public works has been encouraged since antiquity. The Roman emperor Nero encouraged the construction of various infrastructure projects during widespread deflation.

Climate change mitigation (or decarbonisation) is action to limit the greenhouse gases in the atmosphere that cause climate change. Climate change mitigation actions include conserving energy and replacing fossil fuels with clean energy sources. Secondary mitigation strategies include changes to land use and removing carbon dioxide (CO₂) from the atmosphere. Recent assessments emphasize that global greenhouse gas emissions must peak before 2025 and decline by about 43% by 2030 to limit warming to 1.5 °C, requiring rapid transitions in energy, transport, and land-use systems. Current climate change mitigation policies are insufficient as they would still result in global warming of about 2.7 °C by 2100, significantly above the 2015 Paris Agreement's goal of limiting global warming to below 2 °C.

Solar energy and wind power can replace fossil fuels at the lowest cost compared to other renewable energy options. The availability of sunshine and wind is variable and can require electrical grid upgrades, such as using long-distance electricity transmission to group a range of power sources. Energy storage can also be used to even out power output, and demand management can limit power use when power generation is low. Cleanly generated electricity can usually replace fossil fuels for powering transportation, heating buildings, and running industrial processes. Certain processes are more difficult to decarbonise, such as air travel and cement production. Carbon capture and storage (CCS) can be an option to reduce net emissions in these circumstances, although fossil fuel power plants with CCS technology is currently a high-cost climate change mitigation strategy.

Electric power transmission is the bulk movement of electrical energy from a generating site, such as a power plant, to an electrical substation. The interconnected lines that facilitate this movement form a transmission network. This is distinct from the local wiring between high-voltage substations and customers, which is typically referred to as electric power distribution. The combined transmission and distribution network is part of electricity delivery, known as the electrical grid.

Efficient long-distance transmission of electric power requires high voltages. This reduces the losses produced by strong currents. Transmission lines use either alternating current (AC) or direct current (DC). The voltage level is changed with transformers. The voltage is stepped up for transmission, then reduced for local distribution.

A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid.

Many power stations contain one or more generators, rotating machine that converts mechanical power into three-phase electric power. The relative motion between a magnetic field and a conductor creates an electric current.

An electric power system is a network of electrical components deployed to supply, transfer, and use electric power. An example of a power system is the electrical grid that provides power to homes and industries within an extended area. The electrical grid can be broadly divided into the generators that supply the power, the transmission system that carries the power from the generating centers to the load centers, and the distribution system that feeds the power to nearby homes and industries.

Smaller power systems are also found in industry, hospitals, commercial buildings, and homes. A single line diagram helps to represent this whole system. The majority of these systems rely upon three-phase AC power—the standard for large-scale power transmission and distribution across the modern world. Specialized power systems that do not always rely upon three-phase AC power are found in aircraft, electric rail systems, ocean liners, submarines, and automobiles.

A rooftop solar power system, or rooftop PV system, is a photovoltaic (PV) system that has its electricity-generating solar panels mounted on the rooftop of a residential or commercial building or structure. The various components of such a system include photovoltaic modules, mounting systems, cables, solar inverters battery storage systems, charge controllers, monitoring systems, racking and mounting systems, energy management systems, net metering systems, disconnect switches, grounding equipment, protective devices, combiner boxes, weatherproof enclosures and other electrical accessories.

Rooftop mounted systems are small compared to utility-scale solar ground-mounted photovoltaic power stations with capacities in the megawatt range, hence being a form of distributed generation. A comprehensive life cycle analysis study showed that rooftop solar is better for the environment than utility-scale solar. Most rooftop PV stations are Grid-connected photovoltaic power systems. Rooftop PV systems on residential buildings typically feature a capacity of about 5–20 kilowatts (kW), while those mounted on commercial buildings often reach 100 kilowatts to 1 megawatt (MW). Very large roofs can house industrial scale PV systems in the range of 1–10 MW.

Credit Suisse Group AG (French pronunciation: [kʁe.di sɥis], lit. 'Swiss Credit') was a global investment bank and financial services firm founded and based in Switzerland. According to UBS, eventually Credit Suisse was to be fully integrated into UBS. While the integration was yet to be completed, both banks are operating separately. However, on May 31, 2024, it was announced that Credit Suisse ceased to exist. Headquartered in Zürich, as a standalone firm, it maintained offices in all major financial centres around the world and provided services in investment banking, private banking, asset management, and shared services. It was known for strict bank–client confidentiality and banking secrecy. The Financial Stability Board considered it to be a global systemically important bank. Credit Suisse was also a primary dealer and Forex counterparty of the Federal Reserve in the United States.

Credit Suisse was founded in 1856 to fund the development of Switzerland's rail system. It issued loans that helped create Switzerland's electrical grid and the European rail system. In the 1900s, it began shifting to retail banking in response to the elevation of the middle class and competition from fellow Swiss banks UBS and Julius Bär. Credit Suisse partnered with First Boston in 1978 before buying a controlling share of the bank in 1988. From 1990 to 2000, the company purchased institutions such as Winterthur Group, Swiss Volksbank, Swiss American Securities Inc. (SASI), and Bank Leu.

Wind power is the use of wind energy to generate useful work. Historically, wind power was used by sails, windmills and windpumps, but today it is mostly used to generate electricity. This article deals only with wind power for electricity generation.Today, wind power is generated almost completely using wind turbines, generally grouped into wind farms and connected to the electrical grid.

In 2024, wind supplied about 2,500 TWh of electricity, which was over 8% of world electricity. With about 100 GW added during 2021, mostly in China and the United States, global installed wind power capacity exceeded 800 GW. 30 countries generated more than a tenth of their electricity from wind power in 2024 and wind generation has nearly tripled since 2015. To help meet the Paris Agreement goals to limit climate change, analysts say it should expand much faster – by over 1% of electricity generation per year.

On 11 March 2011, a major nuclear accident started at the Fukushima Daiichi Nuclear Power Plant in Ōkuma, Fukushima, Japan. The direct cause was the Tōhoku earthquake and tsunami, which resulted in electrical grid failure and damaged nearly all of the power plant's backup energy sources. The subsequent inability to sufficiently cool reactors after shutdown compromised containment and resulted in the release of radioactive contaminants into the surrounding environment. The accident was rated seven (the maximum severity) on the International Nuclear Event Scale by Nuclear and Industrial Safety Agency, following a report by the JNES (Japan Nuclear Energy Safety Organization). It is regarded as the worst nuclear incident since the Chernobyl disaster in 1986, which was also rated a seven on the International Nuclear Event Scale.

According to the United Nations Scientific Committee on the Effects of Atomic Radiation, "no adverse health effects among Fukushima residents have been documented that are directly attributable to radiation exposure from the Fukushima Daiichi nuclear plant accident". Insurance compensation was paid for one death from lung cancer, but this does not prove a causal relationship between radiation and the cancer. Six other persons have been reported as having developed cancer or leukemia. Two workers were hospitalized because of radiation burns, and several other people sustained physical injuries as a consequence of the accident.

Rural electrification is the process of bringing electrical power to rural and remote areas. Rural communities are suffering from colossal market failures as the national grids fall short of their demand for electricity. As of 2019, 770 million people live without access to electricity – 10.2% of the global population. Electrification typically begins in cities and towns and gradually extends to rural areas, however, this process often runs into obstacles in developing nations. Expanding the national grid is expensive and countries consistently lack the capital to grow their current infrastructure. Additionally, amortizing capital costs to reduce the unit cost of each hook-up is harder to do in lightly populated areas (yielding higher per capita share of the expense). If countries are able to overcome these obstacles and reach nationwide electrification, rural communities will be able to reap considerable amounts of economic and social development.

An electricity market is a system that enables the exchange of electrical energy through an electrical grid. Historically, electricity has been primarily sold by companies that operate electric generators, purchased by electricity retailers, and sold to customers.

The electric power industry began in the late 19th and early 20th centuries in the United States and United Kingdom. Throughout the 20th century, and up to the present, many countries have made changes to their system of supplying and/or purchasing electricity. Change has been driven by many factors, ranging from technological advances (on both the supply and demand side) to politics and ideology.

Electric power is the rate of transfer of electrical energy within a circuit. Its SI unit is the watt, the general unit of power, defined as one joule per second. Standard prefixes apply to watts as with other SI units: thousands, millions and billions of watts are called kilowatts, megawatts and gigawatts respectively.

In common parlance, electric power is the production and delivery of electrical energy, an essential public utility in much of the world. Electric power is usually produced by electric generators, but can also be supplied by sources such as electric batteries. It is usually supplied to businesses and homes (as domestic mains electricity) by the electric power industry through an electrical grid.