>Moving into the future, it’s hard to say how much more modern the power grid can get since the underlying principles are so simple: three phases per circuit and structures large enough to keep them from sagging into something that could cause a fault. There is a lot of talk of the smart grid, but the solution to most of the issues with the power system is often simply to build more circuits as the demand for electricity rises. It’s a difficult problem to engineer ourselves out of, especially with the increasing age of the power grid itself, and at some point is simply becomes a numbers game of how many watts can be moved from place to place.
Technological progress could change the landscape quite a bit: https://en.wikipedia.org/wiki/Space-based_solar_power