“These investments will be used to develop a smart, strong and secure electrical grid that will help integrate renewable resources onto the grid, deliver power more reliably and effectively with less environmental impact, and create new jobs across the country,” said Secretary Chu.
“By investing in updating the grid now, we will lower utility bills for American families and businesses, lessen our dependence on oil, and help advance a clean energy future for the nation.”
Secretary Chu announced the release of the final Funding Opportunity Announcements (FOA) for US$3.9 billion in Recovery Act funds. Approximately US$3.3 billion for the Smart Grid Investment Grant Program and US$615 million for smart grid demonstration projects will help develop and implement smart grid technologies across the USA.
As part of the Smart Grid Investment Grant Program, DOE will provide cost-shared grants to support manufacturing, purchasing and installation of existing smart grid technologies that can be deployed on a commercial scale. Funding under the Smart Grid Demonstration Program will be used to demonstrate how emerging technologies can be applied in innovative ways within the electric delivery system to provide integrated and economically-feasible solutions.
The Investment Grant program is intended to enable smart grid functions on the electric system as soon as possible, while the Demonstration program is aimed at identifying and developing new and more cost-effective smart grid equipment, tools, techniques, and system configurations that can significantly improve upon today’s technologies.