1. The document discusses smart grid technology, which involves upgrading electrical infrastructure to allow for two-way communication across power grids. This will enable more efficient distribution of power from diverse energy sources like wind and solar.
2. Key components of smart grids include advanced metering infrastructure for two-way utility communication, distribution management systems to model the power network, and geographic information systems to manage critical infrastructure data.
3. While smart grids promise benefits like increased reliability and efficiency, challenges include potential privacy and security issues if communication networks are hacked and ability to control individual buildings' power supply is gained. Increased intelligence is also needed to control the middle portions of grids as more distributed energy sources are added.