$3.9 billion federal grants availabile for smart grid technologies
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PrintAs part of the American Recovery and Reinvestment Act (ARRA), Energy Secretary Steven Chu announced today that the Department of Energy (DoE) is soliciting applications for $3.9 billion in grants to support efforts to modernize the electric grid and allow for greater integration of renewable energy sources.
In a statement announcing the grants, Secretary Chu said, “By investing in updating the grid now, we will lower utility bills for American families and businesses, lessen our dependence on oil, and help advance a clean energy future for the nation.”
Approximately $3.3 billion of the funds are slated for the Smart Grid Investment Grant Program and $615 million for smart grid demonstration projects to help develop and implement smart grid technologies across the country.
The Investment Grant program is intended to enable smart grid functions on the electric system as soon as possible, while the Demonstration program is aimed at identifying and developing new and more cost-effective smart grid equipment that can significantly improve upon today’s technologies.
Under this solicitation, the maximum award for the Smart Grid Investment Grants will be $200 million; the maximum award for the Smart Grid Demonstrations will be $100 million.
The final FOAs are available at www.fedconnect.net. Search public opportunities for the following reference numbers: Smart Grid Investment Program (DE-FOA-0000058) and Smart Grid Demonstrations (DE-FOA-0000036).
