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A smart grid is an electricity network enabling a two-way flow of electricity and data with digital communications technology enabling to detect, react and pro-act to changes in usage and multiple issues.
A microgrid is a self-sufficient energy system that serves a discrete geographic footprint, such as a college campus, hospital complex, business center, or neighborhood.
Dynamic stability is the ability of a power system to return to a steady state of operation after significant disturbances (short circuit, shutdown of any element of the power system, etc.)
State estimation is a digital processing scheme which provides a real-time data base for many of the central control and dispatch functions in a power system.