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Stimulus: More Than $3.3 Billion for Smart Grid

04/22/2009
By Pam Hunter and Cathy Cash
Text size: A A

Administration officials on April 16 outlined plans to distribute more than $3.3 billion in smart-grid- technology development grants and an additional $615 million for smart-grid storage through the American Recovery and Reinvestment Act. The grants will range from $500,000 to $20 million for smart-grid applications and $100,000 to $5 million for grid monitoring devices.“We need an upgraded electrical grid to take full advantage of the vast renewable resources in this country,” said Vice President Joe Biden. Commerce Secretary Gary Locke said administration of- ficials will hold a meeting in Washington, D.C., in May to discuss the development of industrywide standards to help make the smart grid a reality.

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