Microgrids 4.0: digitalization of microgrid with IoT and recent technology interventions

Abstract Following the fourth industrial revolution and subsequent developments in information and communication technology, applying intelligent techniques in microgrid is gaining popularity in academia and business worldwide. A significant amount of data is continuously generated by the widespread use of internet of things (IoT) technologies and sensor networks in microgrids. This data includes essential information to progress the performance of microgrids. This paper includes a comprehensive review of IoT, cloud computing, big data, artificial intelligence, machine learning, blockchain in microgrid and the concepts of digital twin and metaverse and their applications. By aiding in the design, operation management, and maintenance of microgrids, these methods offer a potent tool for managing the massive historical data and real‐time data stream in a proficient and protected way. They also facilitate microgrids operation. Contextual awareness, security, and resilient operation are important for microgrids, therefore their possible improvement in light of these intelligent approaches is comprehensively examined. A theoretical implementation for managing robust operation of microgrids is then described. The discussion of recommendations in microgrids concludes.