The document discusses smart grid technology. It begins with an introduction and then covers related work, components of a smart grid like connectivity networks and access networks, how smart grids work using two-way communication, features, comparisons to traditional grids, advantages like reduced losses and carbon footprint, and disadvantages like intermittent renewable sources. It concludes that smart grids will modernize energy supply and create smart homes and cities. The future scope is improved infrastructure and widespread adoption like the Internet. References are provided.