 The Smarter Energy Research Institute, or CERI for short, is an institute that we have created in partnership with a set of founding utilities, include Hydrokebec, Allander, and DTE of the United States. And its mission is actually to apply the latest advances on information technology and data and analytics to solve classical utility problems as well as new emerging problems like the integration of renewable energy and distributed energy resources, or creating a more participatory network with consumers. Within the institute, we are developing a portfolio of analytics applications that solve problems in the areas of improving the restoration when outages occur in a grid, how to manage the assets in the grid and have a global view of the condition of the assets and link it to the capital allocation process that can be more efficient to be able to incorporate more renewable energy into the grid, taking into account the uncertainty of this renewable energy. We've created solutions to do whatever situational awareness to be able to integrate new technologies like synchrofacers and do real-time analytics. And we've also done very interesting projects to understand consumers and of electricity and who is more susceptible to participate in incentive programs as well as energy savings programs. So the interesting thing about modern-day appliances and electronics is their ability to have embedded intelligence in them. So the microprocessors and microcontrollers have now significant amount of computational capacity. What that allows us then to do is to be able to provide them with signals. It could be a signal on the varying cost of electricity as a function of time. And the appliance can also give us signals back into the grid that determine the expected amount of energy consumption of these appliances over time. Now that we have those two signals, the incentive and the feedback signal, we can do lots of clever approaches to optimize the life of the appliance and also have the appliance contribute to the overall efficiency of the grid. So this very dynamic grid that is the basis of a smart grid has and will leverage this inherent intelligence that these appliances are creating today.