Secretary of Energy Steven Chu has just announced another $620 million in stimulus funds for 32 smart grid demonstration projects. As we explained this morning, this latest funding combined with the $3.4 billion in smart grid stimulus grants allocated last month, is delivering $4 billion to utilities for smart grid technology. Chu said the $620 million will also be matched by $1 billion from the private sector and the investment will “create thousands of new job opportunities.”
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