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This lecture, presented by the instructor, focuses on the 5th SCCER-FURIES Annual Conference, where experts discuss quantifying and exploiting system flexibilities in the Swiss electrical infrastructure. Topics include ensuring stability, reserves, system-wise services, and evolving the electricity market. The conference also covers the provision of ancillary services, energy conversion devices, poster awards, distribution network flexibilities, and operational tools. Global outcomes of the conference include capacity development, patents, licenses, spin-offs, prototypes, papers, and collaborations with strategic partners, utilities, and technology providers. Collaboration with public authorities and international partners is highlighted, along with keynotes on decarbonizing the EU energy system and the Swiss electricity market trading framework.