Obama Announces Smart Grid Grants
UPDATE: Grant awards (pdf) by category, state, or map-overlay.
The White House held a press briefing on Monday evening to announce that President Obama would be awarding $3.4 billion in Smart Grid grants. Administration officials included Carol Browner, Assistant to the President for Energy and Climate Change; Jared Bernstein, Chief Economist and Economic Policy Adviser to the Vice President; and Matt Rogers, Department of Energy.
Obama will announce the grants on Tuesday after completing a tour of Florida Power & Light’s DeSoto Next Generation Solar Energy Center, the largest photovoltaic electricity facility in the country, around lunchtime. Local media is expected to stream the announcement around 12:15pm EST.
A few early recipients announced include Constellation Energy’s Baltimore Gas and Electric Co ($200 million) and Sempra Energy’s San Diego Gas and Electric Co subsidiary ($28.1 million).
According to an overnight Reuters article, here are some basic details about the announcement:
- $3.4 billion government investment
- $4.7 billion private investment
- $400,000 to $200 million range
- 100 companies, utilities, manufacturers, cities and other partners in 49 states.
- 18 million smart meters
- 700 automated substations
- 200,000 smart transformers
More details as they are announced.
