in News Departments > New & Noteworthy
print the content item

As of May 14, about 64% ($5.1 billion) of the $8 billion in American Recovery and Reinvestment Act (ARRA) Smart Grid Investment Grant (SGIG) funds have been spent across 99 projects, according to a new report from Zpryme.

Of the amount spent to date, the report says 63% has been spent on advanced metering infrastructure, 24% on distribution automation (DA), 6% on transmission systems, and 7% on customer systems. Further, the report says 12.3 million smart meters have been installed, along with 6,835 automated feeder switches, 729 phasor measurement units and 237,340 direct load control devices.

“With almost two-thirds of the $8 billion in U.S. Smart Grid Investment Grants spent, the grid will continue to see substantial investments beyond stimulus funds,” comments Mark Ishac, managing director of Zpryme Smart Grid Insights. “For example, the U.S. Energy Information Administration estimates that $500 billion will be invested in the U.S. grid over the next 10 years.”

Ishac also notes the significance of Florida Power & Light Co.’s completed rollout of 4.5 million smart meters.

“The recent full-scale smart grid from Florida Power & Light will be a fishbowl for the rest of the industry, helping drive new technology in DA, transmission systems and customer systems.”

For more information about Zpryme’s report, click here.




Hybrid Energy Innovations 2015
Latest Top Stories

USDA Invests $1.4 Billion To Boost Rural Grids Around The Country

The U.S. Department of Agriculture (USDA) has announced more loan guarantees for rural power companies and renewable energy firms in 21 states.


SPP Raises Concerns About EPA's Proposed Clean Power Plan

Stakeholders around the U.S. are mulling over the Environmental Protection Agency's blueprint to cut emissions from existing power plants. The Southwest Power Pool has released its assessment of the plan.


Comverge, Constellation To Merge Demand Response Businesses

The two companies have announced a deal to combine their DR operations serving commercial and industrial customers and establish a new, standalone entity.


Grid-Scale Energy Storage Continues Making Inroads

A new report from Navigant Research highlights the biggest markets and most popular technologies for grid-scale energy storage.


Demand Response And Renewables Help SDG&E Tackle Record-Breaking Heat Wave

San Diego Gas & Electric (SDG&E) recorded peak demand records last week and relied heavily on energy conservation, as well as imported wind and solar power, to keep the lights on.

Hybrid Energy Innovations 2015
S&C Electric_id176
edf_id180