Originally published: September 22, 2009
Last updated: September 22, 2009 - 9:05pm
The $4.5 billion that the federal government has allocated in smart grid stimulus funding is just a utility's down payment on the grid, said Department of Energy senior advisor Matt Rogers, who oversees allocation of the funding. It is a down payment in customer choice, but the expected return on investment is what has nearly every utility and a range of players and new partners clamoring for a piece of the market. "We are trying to move this in quite a rapid fashion," Rogers said. "As part of making the down payment is the expectation that these are high payout projects...It'll take $150 to $180 million in investments, but the payout is four or five to one." The government's aid in the grid is also an investment in network reliability to create much more rapid response and a reliable grid network, as well as to create a grid that can handle the levels of renewable energy that the DOE is anticipating, he said. The DOE reports its progress every 100 days to encourage accountability and make sure the movement - being expedited by the Obama administration - stays on track. Today, at day 217, Rogers said the DOE has awarded $23 billion of the $36.7 billion it has available for America's energy and environmental future, of which the grid is a critical part.
- Power, and pitfalls, of an electrical smart grid
- DOE Secretary Chu on fighting consumer smart grid resistance
- Why smart-grid, broadband stimulus applicants need each other
- Stimulus Funds Speed Transformation Toward 'Smart Grid'
- US May Raise Cap on Grants for High-Tech Power Grid
- How standards will shape the grid
- IT Gives Smart Grid Initiatives A Jolt
- Seeking smart answers to grid questions
- Making money on the smart grid
- Stimulus crucial for "smart grid"
- Cisco: Smart grid will eclipse size of Internet
- Billions in Stimulus Funding Hasn’t Made Power Grids Safer
- Setting the stage for smart grids
- No Taxes on DOE's Smart Grid Stimulus Grants
- Regulation blocking telcos from the grid, Bechtel CTO says