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In the context of modern power systems, discuss the theoretical foundations and practical implications of integrating renewable energy sources such as solar and wind into the existing electrical grid. What are the key challenges associated with maintaining grid stability and reliability, considering factors such as intermittent power generation, energy storage solutions, grid infrastructure, and regulatory policies? Additionally, explore the potential advancements in smart grid technologies and their role in addressing these challenges while enhancing the overall efficiency and sustainability of power distribution.
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