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$3.4 Billion for the Smart Grid

Posted by: Tim Halbur

29 October 2009 - 10:00am

Earlier this week, the Obama Administration announced a significant investment in smart grid infrastructure like improved transmission lines and smart meters in homes.

From the press release: "One-hundred private companies, utilities, manufacturers, cities and other partners received awards today, including FPL which will use its $200 million in funding to install 2.6 million smart meters and other technology that will cut energy costs for its customers. In the coming days, Cabinet Members and other Administration officials will fan out to awardee sites across the country to discuss how this investment will create jobs, improve the reliability and efficiency of the electrical grid, and help bring clean energy sources from high-production states to those with less renewable generating capacity. The awards announced today represent the largest group of Recovery Act awards ever made in a single day and the largest batch of Recovery Act clean energy grant awards to-date."

Full Story: President Obama Announces $3.4 Billion Investment to Spur Transition to Smart Energy Grid
Source: The White House blog, October 27, 2009
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