In summary, STMicroelectronics provides key technologies to build the Smart Grid, optimizing energy consumption, making the electricity distribution system more flexible and reliable, and increasing the use of renewable energy sources. The Smart Grid is a concept that applies to energy generation, distribution, and utilization. All three of these must be in place and operational to make the grid smart; if only one portion is considered, the grid is not a smart grid. ST’s strategy in the Smart Grid market is to supply a large percentage of the semiconductor content for each application type of the Smart Grid. ST is prepared and able to give leadership to customers for integration once the specifications are stabilized in the market and they can help to make strategic partnerships.