The document presents a presentation on electric springs as a new smart grid technology. Electric springs function analogously to mechanical springs by providing voltage support, storing electric energy, and damping electric oscillations. They maintain the balance of power and demand on the grid through various compensation modes. The presentation outlines electric spring principles, types of compensation, operation and limitations. It provides results from practical evaluations showing electric springs can balance power and regulate voltage with intermittent renewable sources. Future applications include incorporating electric springs into smart loads to adapt to fluctuating renewable power.