"In addition, $200 million in federal stimulus grants awarded to Con Edison of New York and Orange & Rockland (O&R) will fund smart grid projects designed to improve system performance. The projects include a control system that will facilitate renewable energy applications, whether from solar arrays, electric-car charging stations, or in-home energy monitors."
NEW YORK, NY, May 17, 2010 (MARKETWIRE via COMTEX)
Tuesday, May 18, 2010
Monday, May 17, 2010
Duke Energy Signs Agreement with DOE
May 13, 2010
Ambient is excited to share with you the news that our marquee customer, Duke Energy, today announced that they have executed their agreements with the Department of Energy (Duke Energy's release).
The larger of the two agreements will allow Duke Energy to access up to $200M of Smart Grid Investment Grant funding awarded to them back in October 2009, by the Department of Energy (DOE) to facilitate their smart grid deployment plans through May 2013.
Further, we are gratified to be part of Duke Energy's successful application to the DOE, and we look forward to continuing our support of Duke Energy's initiatives and vision to build out an open smart grid platform.
Duke Energy ready to move ahead with ‘smart grid’ projects: committed $851.7 million and will receive $200 million federal dollars for its grid modernization and smart metering project
Duke Energy ready to move ahead with ‘smart grid’ projects
AP, LTW
CHARLOTTE, N.C. — Duke Energy (NYSE: DUK) has signed the agreement to formalize the $204 million in economic stimulus funds for “smart grid” technology it will receive from the federal government, the power provider said Thursday.
Duke said it will use the funds from the Department of Energy to modernize its power distribution system and install digital equipment on the transmission system in the Carolinas. It said the funding will save or create about 1,000 jobs in Ohio, Indiana, Kentucky, and the Carolinas.
“Yes, the agreement we finalized this week is for the funds that the Department of Energy awarded us last fall,” Duke spokesperson Paige Layne told LTW and WRAL.com.
“It is our intent to use the funds for deployment efforts across the five states over the next three years,” she added. “Of course, we’ll need to work through the regulatory process in the Carolinas to finalize specific deployment plans.”
Duke committed $851.7 million and will receive $200 million federal dollars for its grid modernization and smart metering project in its Ohio, Indiana and Kentucky service areas. Smart meters are to be placed with 1.4 million customers.
In a second project, Duke will invested $7.9 million and the government is providing $3.9 million to upgrade substations and communications in North Carolina.
The grant is part of $3.4 billion in government support for 100 projects announced in October.
Monday, May 10, 2010
News from Ambient Corporation (ABTG)
| Ambient Corporation | May 10, 2010 |
We invite you to look at our advertisement on the Wall Street Journal's homepage. Our ad will run for a week. We also have a print ad in the Journal's special Energy Report today, Monday, May 10th. Thank you for your continued support and interest in the company. |
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