The document discusses smart grids and the integration of renewable energy sources and electric mobility into power systems. It covers advanced energy management tools, cost benefit analysis of smart grid projects, and life cycle assessment of smart grid projects. Specifically, it summarizes a study on an energy management system called IREMS that optimally manages generators, loads, and storage in microgrids. It also provides an overview of guidelines for conducting cost-benefit analysis of smart grid projects, and analyzes a case study of a project called REVE that aimed to use electric vehicles for energy storage to improve the electricity network's load factor.