The US Department of Energy yesterday announced $620 million in awards for projects around the country to demonstrate advanced Smart Grid technologies.
These 32 demonstration projects include large-scale energy storage, smart meters, distribution and transmission system monitoring devices, and a range of other smart technologies.
The funding from the American Recovery and Reinvestment Act will be leveraged with $1 billion in funds from the private sector to support more than $1.6 billion in total Smart Grid projects nationally, DOE said.
Applicants say this investment will create thousands of new job
opportunities that will include manufacturing workers, engineers,
electricians, equipment installers, IT system designers, cyber security
specialists, and business and power system analysts.
The funding awards are divided into two topic areas. In the first group, 16 awards totaling $435 million will support fully integrated, regional Smart Grid demonstrations in 21 states, representing over 50 utilities and electricity organizations with a combined customer base of almost 100 million consumers. The projects include streamlined communication technologies that will allow different parts of the grid to “talk” to each other in real time; sensing and control devices that help grid operators monitor and control the flow of electricity to avoid disruptions and outages; smart meters and in-home systems that empower consumers to reduce their energy use and save money; energy storage options; and on-site and renewable energy sources that can be integrated onto the electrical grid.
In the second group, an additional 16 awards for a total of $185 million will help fund utility-scale energy storage projects that will enhance the reliability and efficiency of the grid, while reducing the need for new electricity plants. Improved energy storage technologies will allow for expanded integration of renewable energy resources like wind and photovoltaic systems and will improve frequency regulation and peak energy management. The selected projects include advanced battery systems (including flow batteries), flywheels, and compressed air energy systems.
Some companies receiving funding include: The Boeing Company (NYSE: BA), Long Island Power Authority, Oncor, Southern California Edison (NYSE: EIX), Pacific Gas & Electric Company (NYSE: PCG), and Beacon Power (Nasdaq: BCON).
For a full list of awards and projects, visit the link below.
Loading...