Obama to announce billions in energy-efficiency grants
By Michael A. Fletcher
MIAMI--President Obama plans to unveil Tuesday $3.4 billion in grants for "smart meters," updated transformers, and other devices that will allow consumers, cities, utilities and other businesses to become more efficient users and producers of energy.
The grants, which administration officials said leveraged another $4.7 billion in private investment, will pay for upgrades to the nation's outdated electric grid and will make it easier to integrate solar and wind and other forms of renewable energy.
The administration says money spent on upgrading the nation's energy distribution system will create tens of thousands of new jobs for factory workers, installers, system designers and others, while giving customers and utilities more control over how they use and pay for energy.
The grants were funded in the $787 billion economic stimulus package enacted in February. Obama will announce the recipients as he visits what is touted as the nation's largest solar-powered electric plant as it opens Tuesday in Arcadia, Fla.
The upgrades will make it possible for grid operators to better monitor the power delivery system and prevent minor disturbances from snowballing into regional power outages or large blackouts.
The administration chose 100 recipients for the grants, which range from $400,000 to $200 million.
The money will also buy 18 million smart meters, which allow consumers to monitor electrical demand and prices in real time, giving them the information to use certain appliances when demand and prices are lowest.
The grants for the smart grid are aimed at helping to make renewable energy more economically viable and allowing utilities in the nation's population centers to more efficiently harness renewable energy, which is often produced in remote areas.
The administration is counting on the renewable energy sector to be a huge source of jobs in the future as the nation emerges from its deep recession.
The stimulus included tens of billions dollars in money for renewable energy research and to make public buildings more energy-efficient.
Please email us to report offensive comments.
Posted by: trident420 | October 27, 2009 3:44 PM
Posted by: clankie | October 27, 2009 12:58 PM
Posted by: Victoria5 | October 27, 2009 11:33 AM
Posted by: sandynh | October 27, 2009 11:23 AM
Posted by: us1156 | October 27, 2009 11:08 AM
Posted by: realistforpeaceandjustice | October 27, 2009 10:46 AM
Posted by: ProveMeWrong | October 27, 2009 10:35 AM
Posted by: KBlit | October 27, 2009 10:26 AM
Posted by: Bcamp55 | October 27, 2009 10:02 AM
Posted by: akmzrazor | October 27, 2009 9:59 AM
Posted by: dbert4 | October 27, 2009 9:09 AM
Posted by: NAuchi | October 27, 2009 8:24 AM
Posted by: JimJoe | October 27, 2009 8:09 AM
Posted by: sandynh | October 27, 2009 7:53 AM
Posted by: ahashburn | October 27, 2009 7:49 AM
Posted by: dbert4 | October 27, 2009 7:44 AM
Posted by: LarryG62 | October 27, 2009 7:33 AM
Posted by: MikeLicht | October 27, 2009 7:21 AM
Posted by: carlbauer2710 | October 27, 2009 6:33 AM