The document provides an overview of smart grids and their development. It discusses:
1) How today's power grids originated in the late 19th/early 20th century as local grids that grew over time and interconnected for reliability. By the 1960s, grids in developed nations were large, mature networks delivering power from thousands of central power plants.
2) The definition of a smart grid as a digitally enabled electrical grid that gathers, distributes, and acts on information from all participants to improve efficiency, reliability, and sustainability of electricity services.
3) Some key components of smart grids including intelligent appliances, smart meters, smart substations, super conducting cables, integrated communications networks, and phasor measurement units