You may already know this, but our power grid system has been largely left alone for half a century. We’re using inefficient grid technology to try to thread power across our country and in the process are losing precious energy and a lot of cash. As part of the infamous American Reinvestment and Recovery Act–or Stimulus–Obama smartly set aside 3.4 billion dollars to invest in smart grid technology in 2010 and beyond. That block of funding was matched by industry money and private investment to total over $8 billion in funding for everything from installation of smart meters to funding for manufacturing processes.
via 8 Billion Dollars in Stimulus Funds to Jump Start “Power Grid 2.0″ in US | Inhabitat.
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- What the Smart Grid Stimulus Funds Will Do For Startups
- Utilimetrics Members Awarded More Than $1 Billion in Stimulus Funds | Reuters
- Stimulus funding used to start up green programs | thespectrum.com | The Spectrum
