![]() That would mean a savings of $20.4 billion for businesses and consumers around the country, and $1.6 billion for Florida alone - or $56 in utility savings for every man, woman and child in Florida. ![]() A map of the awards is available HERE.Īn analysis by the Electric Power Research Institute estimates that the implementation of smart grid technologies could reduce electricity use by more than 4 percent by 2030. Full listings of the grant awards by category and state are available HERE and HERE. Applicants state that the projects will create tens of thousands of jobs, and consumers in 49 states will benefit from these investments in a stronger, more reliable grid. The $3.4 billion in Smart Grid Investment Grant awards are part of the American Reinvestment and Recovery Act, and will be matched by industry funding for a total public-private investment worth over $8 billion. The end result will promote energy-saving choices for consumers, increase efficiency, and foster the growth of renewable energy sources like wind and solar. history, funding a broad range of technologies that will spur the nation’s transition to a smarter, stronger, more efficient and reliable electric system. Applicants say investments will create tens of thousands of jobs, save energy and empower consumers to cut their electric billsĪRCADIA, FLORIDA – Speaking at Florida Power and Light’s (FPL) DeSoto Next Generation Solar Energy Center, President Barack Obama today announced the largest single energy grid modernization investment in U.S.
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