Update | 1:31 PM: The DOE just emailed us the release on the $620 million smart grid funding announcement.
The funding will support 32 projects across the country.
Of the $620 million, $435 million will support fully integrated, regional smart grid demonstrations in 21 states, representing over 50 utilities and electricity organizations with a combined customer base of almost 100 million consumers. And $185 million will fund utility-scale energy storage projects.
On the funding Secretary Chu said:
This funding will be used to show how Smart Grid technologies can be applied to whole systems to promote energy savings for consumers, increase energy efficiency, and foster the growth of renewable energy sources like wind and solar power.
So, to recap: Yesterday, the DOE disbursed $18 million to support 107 small cleantech firms. Today, the DOE released another $620 million in stimulus funding for next-generation smart grid and energy storage projects – See here for a list of the selected projects.
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