Yesterday President Obama announced $3.4 billion in government grants to improve the efficiency of the nation’s electrical transmission network. The grants range from $400,000 to $200 million and will be used to develop and install “smart-grid” technology to make electricity transmission more reliable and aid the delivery of energy generated from sources like wind and solar power. The money comes from the ARRA program. Obama made the smart grid announcement at Florida Power & Light Co.’s DeSoto Next Generation Solar Energy Center. President Obama mentioned smart meters and called climate-change legislation critical to a clean-energy economy.
I personally heard yesterday of a $200 million grant to a power utility company. First Energy has announced a $54.7 million grant for smart grid technology. So I think ARRA smart grid money is starting to flow. The 100 government grants in 49 states are being matched by $4.7 billion in private investments.
Comments