From: Reuters and other sources
Published October 28, 2009 06:46 AM

Smart Grid to be Stimulated

President Barack Obama will announce the largest investment of economic stimulus funds in clean energy during a visit to Florida, an Obama administration official said on Monday.

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The announcement will involve the smart grid, which will help bring energy from clean domestic sources to consumers in 49 states and help build a strong and more reliable electricity grid, the official said.  The total amount is likely to be in excess of 3 billion.

The president will offer details on funding for the "smart grid" during an appearance at a solar plant in Arcadia, Fla. White House officials said the projects would create tens of thousands of jobs in the near term and lay the groundwork for changing how Americans use and pay for energy.

The spending is aimed at improving the efficiency and reliability of the U.S. power supply, and helping to create markets for wind and solar power, officials said. They also said it would create "smart meters" to help consumers use electricity when demand is low and when rates are cheaper -- for example, by running dishwashers and other energy-thirsty appliances in the middle of the night.

Obama is to travel to Arcadia, Florida, on Tuesday to make the speech and take a tour of the DeSoto Next Generation Solar Energy Center.

Article continues: http://www.reuters.com/article/environmentNews/idUSTRE59P3EP20091028?feedType=RSS&feedName=environmentNews

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