A new report by Innovation Observatory, more than $378 billion will be collectively invested in building electricity smart grids by 2030. Sources: Http://Xrl.Us/Bii2sf http://xrl.us/bigqfh

Friday, August 07, 2009

PSE&G requests $76M federal stimulus money for $152M smart grid project

PSE&G requests federal stimulus money for smart grid project
by The Star-Ledger Continuous News Desk
Friday August 07, 2009, 6:07 AM

Public Service Electric and Gas is asking the U.S. government for $76 million in federal stimulus money to help pay for a project that would improve the electric grid in N.J. and the company says would create as many as 551 jobs, a report in the Courier Post said.
According to the report, work on the $152 million smart grid modernization project would begin within days of getting the grant, upgrading 40 substations throughout the state and installing new technology that expects to reduce the number and duration of power outages in the event of a fault. PSE&G would also purchase more plug-in electric vehicles and work on small-scale wind and solar projects, the report said.

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