This assignment delves into the intricacies of microgrid operation and management. It examines optimal sizing of battery energy storage systems, diverse operation modes for traffic optimization, electronic system designs with storage management, and the application of scenario-based stochastic operation management in microgrids. The focus encompasses renewable energy integration (wind, photovoltaic), hybrid energy storage (battery-supercapacitor), and the strategic management of electric vehicle charging within a smart distribution system. Overall, the assignment aims to provide a comprehensive understanding of the challenges and solutions associated with efficient microgrid operation.