NSF has been pioneer of new research activity and education reforms. To keep the pace with technology, new development dealing with changes in Engineering and Industry has been a concern. For example, the problem facing the power industry Transmission systems are solved by a range of advanced methods, in science and technology. They range from information technology, computational intelligence, nano-technology, complex network/transportation research, and sensor systems and educational outreach and curriculum reform to promote highly motivated workforce in support of NSF mission. In response to these needs, several initiatives and some promising ones, which are in the process are discussed in this presentation.