In an age of evolving energy demands, climate concerns, and geopolitical tensions, the modernisation of power grids offers transformative potential. This report, authored collaboratively by the Global Commodities Desk and the Emergent Technologies Desk, provides actionable insights into the opportunities and challenges of smart grids, highlighting their pivotal role in building a sustainable, secure, and interconnected energy future. The geopolitical and economic dimensions of energy policy underscore the dual role of electrical and cyber systems, calling for robust protective measures against emerging threats. Discover how cutting-edge technologies and strategic policies are driving the energy revolution—read the full report to learn how smart grids are reshaping power systems and redefining energy security worldwide.