Obama Announces $3.4 Billion in Electric ‘Smart-Grid’ Grants

goinggreen
posted by GeoT

Oct. 27– President Barack Obama today will announce $3.4 billion in government grants for equipment to improve the efficiency of the nation’s electrical transmission network.

Smart Grid Layout

The grants, ranging in size from $400,000 to $200 million, will be used to develop and install “smart-grid” technology to make electricity transmission more reliable and aid the transmission of energy generated from sources like wind and solar power.
“The current system is outdated and dilapidated,” Carol Browner, the White House’s top energy adviser, said in a conference call with reporters late yesterday. “Today’s grants “will give us a transformational impact on how electricity is generated, delivered and consumed,” she said.
The money comes from the $787 billion economic stimulus legislation approved by Congress in February. Jared Bernstein, chief economic adviser to Vice President Joe Biden, said during the conference call the grants will “save or create tens of thousands” of jobs.
Bernstein said Oct. 15 the stimulus legislation has created or saved about 1 million jobs since it was enacted. The nation’s unemployment rate rose to 9.8 percent last month, and the president has said he expects it to exceed 10 percent before it starts coming down.

Solar Power Plant
Obama will announce the grants today in Arcadia, Florida, at one of the nation’s largest solar power generating facilities. Florida Power & Light Co.’s DeSoto Next Generation Solar Energy Center will generate enough power for 3,000 homes when it is completed

See: Largest Solar Power Plant In U.S. Rises in Sunshine State


Resources:

DOE: “The Smart Grid: An Introduction”

Enhancing the Smart Grid: Integrating Clean Distributed and Renewable Generation (PDF 1.14 MB)

Vice President Biden Outlines Funding for Smart Grid Initiatives

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1 Comment

Filed under Capitalism, Climate Change, Economy, Energy, Green, Inovation, Money, Sciences, Technology, Uncategorized

One response to “Obama Announces $3.4 Billion in Electric ‘Smart-Grid’ Grants

  1. SouthernGirl2

    The President is working for the people of this country. We’re so blessed to have him after 8 miserable years of George Bush!

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