The Impacts of Emerging

Technologies in the Electric

System: A Statistical Analysis
on Societal Contribution

By:

Group 2

Leonel John Oñasa

John Leo Espago

Elven Cautibar

John Kenneth Abrio

Arman Jem Sayu

Reizl Lizada

Jm Sam Delmiguez

Filjohn Canllio

Patrik John Rebotala

Pablo Alejandro Weber

Isaac Cuambot

France Oliver Tenero

Grade12 Daniel (EIM)

October 7, 2024
 The Impacts of Emerging Technologies in the Electric System: A
Statistical Analysis on Societal Contribution

Introduction.

Background of the study.

Emerging technologies are having a significant and visible impact on

society. Seminal developments—such as the high-speed digital
computer, the integrated circuit or “microchip,” optical fibers, and
software—had their origins in the mid-20th century and have been
responsible for the transformation of today’s modern society. The
synergy from continuous exponential improvements with related
technologies has now reached epic proportions: from genomics
breakthroughs to advanced materials research, the $2.9 trillion dollar
healthcare industry, and a2.9 trillion dollar health care. This clearly is
the era of “technological explosive breakthroughs are the norm.
Computer chip performance, driven by ever-decreasing lithographic
resolution produced at each new generation by sophisticated
photolithographic printing tools, commercialized the world of
supercomputing some 15 years ago. Max Planck, the 20 th-century
Nobel laureate who initiated the Quantum Theory and the Quantum
Hypothesis, about the Photoelectric Effect, would have loved to see
what surprisingly regular “quantum behavior” looks like with modern
consumer products. Approximately 60 years ago, the first commercial
Transistor Was sold in the marketplace; in 2012, tens of billions were
made, with constant exponential performance improvements over this
time interval. At this rate of proliferation, the number of these
microscopic, ultra-complex nanoscale “clumps” would today exceed
the Earth’s entire human and animal population. Such thoughts can
only fuel the great excitement and enthusiasm of the scientist
conducting research in this pivotal “cocktail” technology domain.
(Mateusz Brodowicz, June 8, 2024)
Statement of the Problems.

How do emerging technologies like smart grids, renewable energy

integration, and advanced storage systems contribute to societal
benefits like reduced carbon emissions, improved energy security, and
economic growth?

What are the statistical indicators that can effectively measure the
societal impact of these technologies, considering factors like energy
consumption patterns, greenhouse gas emissions, economic growth,
and social equity?

How can we address the challenges associated with emerging

technologies, such as high initial investment costs, cybersecurity risks,
and potential job displacement, to ensure equitable and sustainable
societal benefits?

Hypothesis.

The integration of emerging technologies such as renewable energy

sources, smart grids, and energy storage systems into the electric
power system is transforming the way electricity is generated,
transmitted, and consumed. While these technologies offer numerous
benefits, including increased efficiency and reduced greenhouse gas
emissions, their widespread adoption also presents challenges and
uncertainties. For instance, the intermittent nature of renewable
energy sources like solar and wind power can impact the grid stability,
and the increased reliance on advanced technologies can create
cybersecurity risks. Furthermore, the shift towards decentralized power
generation and consumption may Alter traditional utility business
models and require new regulatory frameworks. Despite these
potential issues, there is a lack of comprehensive, data-driven analyses
on the societal impacts of these emerging technologies on the electric
power system. This research aims to address this knowledge gap by
conducting a statistical analysis of the effects of emerging
technologies on the electric system, with a focus on their contribution
to societal goals such as sustainability, equity, and resilience.

Theoretical framework.

Technological innovation is considered an evolutionary concept largely

determined by the changes in society. It’s a co-evolutionary process.
According to sociotechnical transitions theory, the social demand side
can also be important. The philosophy of need emphasizes that the
development of science, technology, and society are tightly interwoven
and require a constructivist approach. Constructivism provides a
coherent theoretical framework that flat science and technology policy
are to be based more on the interaction among the contextual,
cognitive, and social aspects of knowledge production and use. This
approach adumbrates actually engaging actors from all walks of life in
shaping emerging technologies and in dialogue to foster more
satisfactory social impact. The science-technology-society nexus
approach is engaging science and technology studies directly as a
social science. A Science, Technology, and Society approach can
emphasize how technology shapes or mediates dialogue or makes
participatory decision-making processes more transparent. It would do
so by enriching the social science aspects of the research, again, by
integrating science and technology with normative, empirical, and
deliberative issues since it brings in the current text’s proposed goals,
new methods of doing tasks, as well as embedding such tools and
methods in the appropriate use context. Three important reasons to
develop this methodology are that: (1) good science and technology
policy should benefit from evidence; (2) good governance should
mainly be the result of public engagement, which goes far beyond
mere citizen consultation; and (3) sustainable growth and development
also require good communication to generate trust, facilitate policy
implementation, accelerate breakthrough innovation, and share
common goals with technology developers and the wider scientific
community.

Economic Growth and Sustainability:

-Endogenous Growth Theory: This theory posits that techno Logical

advancements are a key driver of economic growth. Emerging
technologies in the electrical system can contribute to economic
growth by increasing energy efficiency, reducing costs, and fostering
innovation.

- Sustainable Development: This framework emphasizes the need to

balance economic growth with environmental protection and social
equity. Emerging technologies in the electrical system have the
potential to contribute to sustainable development by reducing carbon
emissions, improving energy security, and promoting social inclusion.

Schismatic Diagram.

Job Creation and Economic Growth: Emerging technologies drive

innovation and create new industries, leading to job creation and
economic growth.

Reduced Energy Costs: Increased energy efficiency and renewable

energy integration can lead to lower energy costs for consumers and
businesses.

Investment Opportunities: The development and deployment of these

technologies create investment opportunities in new sectors, attracting
capital and fostering economic development.
Improved Energy Security: Decentralized energy generation and
advanced grid management systems enhance energy resilience and
reduce dependence on centralized power sources, contributing to
greater energy security.

Enhanced Quality of Life: Improved energy efficiency, reduced energy

costs, and cleaner air contribute to an enhanced quality of life for
individuals and communities.

Social Equity: The equitable distribution of benefits from these

technologies is crucial for ensuring social equity and inclusivity,
addressing potential disparities in access and affordability.

Significance of the Study.

Identifying and Mitigating Risks: This study can help identify and
mitigate potential risks associated with emerging technologies, such as
cybersecurity threats, job displacement, and unequal access to
benefits.

Promoting Social Equity and Inclusion: The study can analyze the
impact of these technologies on social equity and inclusion, ensuring
that their benefits are equitably distributed and accessible to all
members of society.

Shaping a Sustainable Energy Future: By understanding the societal

implications of emerging technologies, this study can contribute to
shaping a more sustainable and equitable energy future, where these
advancements benefit both present and future generations.

Evidence-Based Decision-Making: By employing statistical analysis, this

study provides a data-driven assessment of the societal contribution of
emerging technologies, enabling policymakers and stakeholders to
make informed decisions based on concrete evidence.

Identifying Key Drivers and Barriers: The statistical analysis can

identify key drivers and barriers to the adoption and impact of these
technologies, providing insights into how to overcome obstacles and
accelerate the realization of societal benefits.

Measuring Progress and Impact: This study can establish a framework

for measuring the progress and impact of emerging technologies over
time, allowing for ongoing monitoring and evaluation of their societal
contribution.

Scope and Limitation.

The importance of this inquiry The results of this inquiry are important
because they indicate the potential impact of emerging technologies
on society with significant investment in their creation. It sets the
context for the subsequent inquiry of how robotics and AI can best
serve humanity. It is important to understand this context because, in a
competitive global marketplace, governments and corporations will
tend to be blind to anything but the drive for comprehensive
commercial exploitation of their R&D. Ethical, moral, and spiritual
considerations will rarely trump the profit motive unless public
perspectives evolve beyond the limited horizons defined by gross
national product. We have come to know that market forces cannot,
without more, contribute to constructive and compassionate
development for the larger part of the world. Beyond economic
considerations, there are the cherished ideals of democracy and
freedom. There is the enlightenment of modern science and its social
commitments; there are human problems that speak clear and simple:
The people applaud us as guardians of the frontiers of knowledge. We
have found that a democratic society is not willing to deal with
poverty, unemployment, and inequality but can tolerate no restrictions
upon education in its broad human sense, measurement that purports
to represent learning by a single, narrow scale, or restrictions upon
initiative, originality, and creativity, upon the functioning of scholarly
modes, upon the range of inquiry, upon the social commitment and
concern of the individual researchers and scholars involved. We have
found that even the so-called practical problems that society is more
willing to address are problems that are too often trivial, dull, and
irrelevant, and that research tends to become sterile servicing of these
pseudo-problems not because of the way funds are allocated but
because of the prevalent orientation towards the got to have
advantages of a tomorrow that will be identical or, maybe, a little
improved.

Definition of terms.

- Smart Grid: A modernized electrical grid that utilizes advanced

technologies like sensors, communication networks, and automation to
improve efficiency, reliability, and security.

- Renewable Energy Integration: The process of incorporating

renewable energy sources, such as solar, wind, and hydro power, into
the electrical grid.

- Energy Storage: Systems that store energy generated from various

sources, allowing for later use, balancing supply and demand, and
improving grid stability.

- Advanced Metering Infrastructure (AMI): A system that uses digital

meters to collect and transmit real-time energy consumption data,
empowering consumers and utilities with better information.
- Societal Impact: The broad effects of emerging technologies on
society, including economic, environmental, social, and cultural
consequences.

- Economic Growth: The increase in a country’s or region’s economic

output, often measured by (Gross Domestic Product).

- Environmental Sustainability: The ability to meet the needs of the

present generation without compromising the ability of future
generations to meet their own needs.

- Social Equity: The fair and just distribution of resources, opportunities,

and benefits within a society, ensuring equal access and participation
for all.

- Quantitative Data: Numerical data that can be measured and

analyzed statistically.

- Statistical Indicators: Measurable values that reflect specific aspects

of a phenomenon, such as energy consumption, carbon emissions,
economic growth, and social equity.

- Regression Analysis: A statistical technique used to examine the

relationship between variables and predict future outcomes based on
past data.

- Correlation Analysis: A statistical method used to assess the strength

and direction of the relationship between two or more variables.

- Energy Efficiency: The use of less energy to perform the same task,
reducing energy consumption and costs.

- Carbon Emissions: The release of carbon dioxide and other

greenhouse gases into the atmosphere, primarily from burning fossil
fuels.

- Energy Security: The reliable and affordable access to energy

resources, ensuring stability and resilience in energy systems.

- Job Displacement: The loss of jobs due to technological

advancements, automation, or other economic factors.