Certain embodiments may generally relate to a smart fault detection device for power grids, and a method of fault detection for power grids. A method may include receiving raw data samples of currents in grounding conductors and line conductors. The method may also include processing the raw data samples under at least one of a plurality of system operating modes. The method may also include monitoring normal operation and anticipating an impending fault while operating under at least one of the system operating modes. The method may further include extracting fault information based on the monitoring. The method may also include reporting the fault information to a supervisory control and data acquisition system human-machine interface. The method may further include anticipating faults based on an analysis of the raw data samples.