The energy industry is witnessing a surge in investments to modernize the electric grid, driven by the increasing demand for power and the shift towards renewable energy sources. This webinar executive summary discusses critical technologies driving grid modernization projects, the challenges energy companies face in integrating Distributed Energy Resources (DERs), and the role of Original Equipment Manufacturers (OEMs) in these projects. A major focus is on the challenges electric utilities encounter in achieving net-zero CO2 emissions, emphasizing the significance of grid modernization in reducing carbon footprints. Utilities are exploring diverse solutions such as onsite renewables with microgrids, battery storage, carbon capture, and the adoption of alternative fuels like hydrogen and ammonia. Furthermore, incentives are being provided to energy producers to encourage investments in grid modernization initiatives, reflecting a positive outlook towards sustainable energy practices.