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Abstract With the urge to combat climate change, there have been global efforts into a green and sustainable energy system by increasing renewable generation share of the total generation and increasing the efficiency of the power system and its equipment. However, both solutions always faced limitations such as hosting capacity (HC) and representing the current power system’s limit to accept renewable generation. Also, the aging power systems equipment always stood as a hindrance in front of a sustainable grid. That is why climate change and other technical and economic issues were always ahead of these renovation efforts. The fourth industrial revolution and related technologies like the Internet of Things (IoT) are the only means to achieve digitalization of the energy sector to cope with the rapid pace of global warming. For entering the smart grid era, this research proposes a state-of-the-art and innovative IoT architecture for smarting legacy assets and making them IoT-connected. The Internet-of-Asset (IoA) device is the core of this architecture, making it effective in economic, technical, and practical aspects. |