Research Paper: Implementation of smart grid using FACT devices

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. Short overview and background information

. Basic science and operation

. Potential applications

. Challenges and prospects

. Commercial availability

. Current state (R&D, early-stage commercialization, established market)

. Sustainability, Energy efficiency, resiliency  and environmental concerns

. Future prospects

. References

(with tables and figures, as appropriate) of the state of the art and recent technological developments and future directions.