21 April 2009

DOE Announces $3.3B in Grants for Smart-Grid Initiatives

"The Smart Grid is the iPod of the energy industry," Audrey Zibelman, CEO of Viridity Energy, said last week. Getting a sophisticated, two-way communication system that matches knowledge with efficiency, and maybe even gets better information into the hands of energy consumers is a critical step in ensuring we have reliable power to meet increasing demand.

Now the U.S. Department of Energy (DOE) is getting into the act, the American Recovery and Reinvestment Act, to be precise, as they announce plans to distribute more than $3.3 billion in so called smart-grid technology development grants and an additional $615 million for smart grid storage, monitoring and technology viability.

Read the Full Story: DOE & Smart Grid.

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