In Europe, the European Union has stringent regulations on the installation of smart meters. Countries such as Sweden, Italy, and Finland have achieved nearly 100% smart meter penetration, benefiting from customer engagement and proactive energy management initiatives.

With the large-scale integration of renewable energy into the grid, maintaining a stable supply of high-quality electricity has become an increasingly significant global challenge. High-quality electricity is characterized by stability in both voltage and frequency, which are essential attributes of a reliable power supply. The demand for energy storage systems paired with renewable energy to address this challenge is on the rise. Recently, Ram Ramachander, Chief Digital Officer and Chief Commercial Officer for Social Innovation Business at Hitachi Europe, elaborated on Hitachi's efforts to develop new battery energy storage solutions, expand smart meter and electric vehicle initiatives, and shared insights into the future of energy development.