The physical infrastructure of the US electric grid is aging, over-burdened, and prone to failure. The drive to support the deep integration of variable renewable energy into the grid, without sacrificing reliability, will require a paradigm shift in how we produce, deliver, and consume energy. At the heart of this profound transformation is the rapid deployment of the Smart Grid, which integrates new embedded sensing, communication, and computing technologies to improve utilization of existing physical assets, operational efficiency, and reliability.