Microgrids are small-scale power grids that can disconnect from the traditional electric utility grid and operate autonomously. They integrate renewable energy sources, energy storage, and help manage local energy use. This presentation discusses the components of microgrids like renewable generation, energy storage, smart meters and controls. It also covers the different operating modes of microgrids and examples of existing microgrid projects around the world. Microgrids can help power systems decentralize and integrate more renewable energy while empowering customers.