A total public-private investment of more than $30 million to increase reliability, efficiency and security.
WASHINGTON, D.C. – U.S. Energy Secretary Steven Chu today announced an investment from the Department of Energy of more than $19 million for five projects aimed at optimizing the nation’s electric grid. Collectively, these projects will apply technologies, tools and techniques that are capable of transforming the electric grid into a system that is cleaner and more efficient, reliable, resilient and responsive. The projects announced today also support the Administration’s goal of building the infrastructure necessary to bring clean, low-cost energy sources to American homes and businesses.
“These innovative projects will greatly enhance the reliability, efficiency, and resource diversity of the nation’s electric grid,” said Secretary Chu. “Developing smart grid technologies will give consumers choice and promote energy savings, increase energy efficiency, and foster the growth of renewable energy resources.”
Smart grid technologies can help modernize the nation’s electric grid by employing remote control and automation, two-way communications, and information technology to better inform consumers and utilities. These technologies are beginning to be used on electricity networks, from power plants and wind farms to the electricity consumers in homes and businesses receive. In addition to enabling the integration of an increasing amount of new renewable energy sources into the electric grid, smart grid technologies can potentially reduce energy costs by providing consumers with the information they need to better manage their energy use.
DOE is working with industry, universities, national laboratories, and other groups to conduct research, development, and demonstration projects that lead to commercially available smart grid technologies. Today’s selections will demonstrate the technical and economic feasibility of smart grid technologies in three research areas: integrated modeling and analysis tools to automate distribution; advanced sensing, monitoring, and control technologies to enhance asset use and grid reliability; and voltage regulation for high penetration of renewable generation.
Click here to read the full article.
Source: U.S. Department of Energy
Photo: U.S. Department of Energy