The focus of this book is on utility transformation and the value the Smart Grid and associated technologies bring to it. As individuals challenge the utility's mandate to deliver reliable power, utilities must move beyond technology implementations and on to business transformations to keep up with the changing landscape. The book begins by redefining the Smart Grid before elaborating on technologies, such as distribution automation, energy storage, distributed energy resources, microgrids, data analytics, electric transportation, and smart homes, and how each has the potential to transform the utility industry. It highlights the journey to electric utility 3.0 and provides solid examples and real-world case studies from other industries like telecom, cable-TV and automobiles. The book also discusses how an individual can apply these technologies to his/her respective situations. Readers will find guidance on new energy storage solutions and electric value chain disruptors and can learn how to overcome challenges related to integrating supply and demand diversity.