The document summarizes a technical seminar presentation about smart grids. It begins with an introduction to smart grids, noting their origins 15-20 years ago as a way to add sensors and software to existing power grids. This allows for two-way communication, self-healing, distributed power generation from multiple renewable sources, and consumer choice. Benefits of smart grids include awareness of peak hours, reduced emissions and costs, integration of renewable energy, instant consumption and production feedback, and support for electric vehicles. The future of smart grids is presented as essential for sustainability, with investments of billions of dollars being made in smart grid projects worldwide.