Earlier this week in Columbus, Ohio Secretary of Energy Steven Chu announced that the Department of Energy is awarding $620 million for projects around the country to demonstrate advanced Smart Grid technologies and integrated systems that will help build a smarter, more efficient, more resilient electrical grid. According to Chu, these 32 demonstration projects will include large-scale energy storage, smart meters, distribution and transmission system monitoring devices, and a range of other smart technologies. These demonstrations will act as models for deploying integrated Smart Grid systems on a broader scale.
This funding from the American Recovery and Reinvestment Act will be leveraged with one- billion dollars in funds from the private sector to support more than $1.6 billion in total Smart Grid projects nationally.
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