DOE Opens Spigot On Smart Grid Projects
The Department of Energy announced June 25 the agency is ready to solicit applications for $3.9 billion in grants to support efforts to modernize the electric grid. The money is part of the Recovery Act funds approved by Congress earlier this year. Approximately $3.3 billion is earmarked for the Smart Grid Investment Grant Program and $615 million for smart grid demonstration projects to help develop and implement smart grid technologies across the country. As part of the Smart Grid Investment Grant Program, the DOE said it will provide cost-shared grants to support manufacturing, purchasing and installation of existing smart grid technologies that can be deployed on a commercial scale. Funding under the Smart Grid Demonstration Program will be used to demonstrate how emerging technologies can be applied in innovative ways within the electric delivery system to provide integrated and economically feasible solutions.
DOE Opens Spigot On Smart Grid Projects