President Obama is set to announce $3.4 billion in government grants to help build an electric smart grid. An updated electrical grid is needed not only just to carry the amount of electricity that is already being produced, but more importantly, a new grid will be needed to handle all the different components of power generated by alternative energy, along with future demands caused by plug-in hybrid electric vehicles (PHEVs). The grants, which will range from $400,000 to $200 million, will go to about 100 companies, utilities, cities and other partners in 49 US states. The grants will pay for much needed new utility lines, smart meters that will allow consumers to manage home energy use, 700 automated substations, and 200,000 smart transformers that will allow power utilities to replace units before they fail, thereby avoiding power outages.
via: Reutersgreen jobs, smart grid, home energy, plug-in hybrid