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. 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
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.
!ADVERTISEMENT!
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
