In this course we will understand how does a Smart grid works, what are its feature, what are its components, what are the benefits, barrier of implementing smart grid, how a Microgrid works, what are its feature. Microgrid Operation modes, why we need microgrid, conventional grid vs microgrid, advantage and disadvantage of micro grid. What are the various ways of Energy Storage, Pump storage mechanism, battery storage etc. Technology of the future.