By Kent Hoover, ACBJ Wire Service
Friday, April 24, 2009
The Obama administration announced plans to distribute nearly $4 billion in grants to upgrade the nation’s electrical grid.
The grants were funded by the economic stimulus bill. Nearly $3.4 billion will go to utilities, manufacturers and other companies that want to install smart grid technology. The Department of Energy grants will range from $500,000 to $20 million, and recipients must provide at least 50 percent of the cost of the projects. The grants will be awarded on a competitive basis.
The DOE also will provide grants ranging from $100,000 to $5 million for the deployment of grid monitoring devices.
In addition, $615 million will be spent on demonstration projects in three areas: regional projects to quantify smart grid costs and benefits, utility-scale energy storage and real-time grid monitoring.
The Department of Energy and the Department of Commerce also will host a meeting in May to begin development of industry-wide smart grid standards.
Friday, April 24, 2009
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