This report provides an in depth look at the European Electricity Grid Initiative (EEGI), which is part of the European Strategic Energy Technology Plan (Set -Plan). Electricity Grids are defined in the SET Plan as one of the critical areas that needs to be addressed to prepare for a low-carbon future. EEGI proposes a nine-year European research, development and demonstration programme initiated by electricity transmission and distribution network operators to accelerate innovation and the development of the Smart Grid in Europe.