Obama announces stimulus funding for the smart grid
Earlier today, President Obama spoke at the opening of what’s now the largest photovoltaic power installation in the US, using the opportunity to announce the funding of a different energy project: the modernization of the US electric grid. The two might seem unrelated, but a report released earlier this year by the National Academies of Science indicated that grid modernization was essential of the country’s use of renewable electricity was to rise above 20 percent of its total. The new projects would involve a total of $3.4 billion dollars of stimulus spending; with matching spending by utilities, the total commitment would reach over $8 billion, and fund the installation of over 5 million smart meters.
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Obama announces stimulus funding for the smart grid
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