I see the main issue to be storing large amounts of energy efficiently, such as saving up solar energy during the day to later use at night.
i agree with that but i don't think that is what "smart grid" is doing.
Instead it is creating an information network whereby all your appliances communicate with electric company( or somebody? ) through your electric meter. To that end they're making "smart" appliances, even smart wall receptacles. Current thinking is it'll allow electric company to control power system load by granting permission from central location for large devices to be switched on, or turning them off if need be.
Another facet is to incentivize public to use less energy and shift that use to low cost times.
Or looking at it another way, to make price of electricity like price of gasoline - it'll change minute by minute.
So your electric meter has to know minute by minute how much to charge you..
And it can tell your appliances when they have permission to run. Water heaters, air conditioners and electric vehicle chargers are large devices.
Predictably some people are protesting that as "Big Brother Intrusion".
Here's what Wikipedia says about it:
A smart grid is an electrical grid that uses computers and other technology to gather and act on information, such as information about the behaviors of suppliers and consumers, in an automated fashion to improve the efficiency, reliability, economics, and sustainability of the production and distribution of electricity.[1]
and Appliance Magazine::
http://www.appliancemagazine.com/news.php?article=1550714&zone=0&first=1
http://www.appliancemagazine.com/news.php?article=1492014&zone=0&first=1
... all those jobs - sounds like somebody expects a lot of smart appliance manufacturing. Maybe that's why GE recently built some manufacturing plants here in US.
http://www.appliancemagazine.com/editorial.php?article=2366%22
http://www.appliancemagazine.com/applianceline/editorial.php?article=2223&zone=205&first=1
Myself i think it's a boondoggle .