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Grid Modernization Will Mean Construction Publication Date: 18-NOV-09 Author: Thomas F. Armistead Format: HTML

Description:
Consulting engineers and construction contractors alike are looking forward to participating in the single-largest investment ever for modernizing the U.S. electric grid. The $3.4 billion of grant awards announced late last month by President Obama will be matched by utilities in 49 states for a total of $8.2 billion to install “Smart Grid” technologies. The Energy Dept. hopes that investment will put the country on a path to obtain 20% of its electricity from renewable sources by 2020 and shave more than 1,400 MW off peak power demand.

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