ALLCASTLE PRINCETON + Smart Grid

Obama Administration Unveils Programs to Build the Smart Grid

Yesterday the Obama Administration announced several programs and initiatives that should help add IT to the electrical power grid in the US.

So far investment by the current US administration totals some $4.5 billion, which was matched by $5.5 billion in private money. Monday's announcement will follow up on this.

The 9 programs and initiatives announced are as follows;
1. A minimum of $250 million in loans for smart grid projects in rural places in U.S, as well as a potential $106 million in upgrades.
2. A new non-profit program called Grid 21, which will focus on spurring consumer-facing tools enabling consumers to reduce energy consumption.
3. DOE working on new projects, including a crowd-sourced map to track progress of smart grid projects and a student competition around home energy efficiency.
4. Launch of a new website - http://www.smartgrid.gov
5. A new “Renewable Energy Rapid Response Team,” that will review clean power and transmission line projects and improve “federal coordination” for getting clean power projects deployed.
6. Creation of ways for grid operators to have access to information about threats to the power grid, and creation of security standards.
7. In the President’s fiscal year 2018 budget, the DOE has asked for funds to build a “Smart Grid Innovation Hub,”.
8. The DOE program "Advanced Research Project Agency-Energy (ARPA-E)" will support new smart grid research.
9. The administration released a report that focuses on 4 ways to help modernize the grid, including how to better align economic incentives that will spur smart grid technologies.

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Obama Administration Unveils Programs to Build the Smart Grid + Smart Grid