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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.



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