Two Michigan companies win $103 million in Recovery Act grants for Smart Grid technology
Today President Obama will announce a $3.4 billion investment in Smart Grid technology, including funding for two Michigan-based projects totaling $103 million. The Recovery Act grants represent the largest single Smart Grid modernization investment in U.S. history, funding a broad range of projects that will ease the nation's transition to a smarter, stronger, more efficient and reliable electric system. The $3.4 billion from the Recovery Act will be matched by industry for a total public-private investment of more than $8 billion.
Michigan-based Smart Grid projects:
HQ State
HQ City
Name of Awardee
Brief Project Description
Recovery Act Funding
MI
BentonHarbor
Whirlpool Corporation
Support the manufacturing of smart appliances to accelerate the commercialization of residential appliances capable of communicating over a home network with other smart technologies. These smart appliances will allow consumers to defer or schedule their energy use, which can lower consumer costs and reduce peak electricity demand.
$19,330,000
MI
Detroit
Detroit Edison Company
The SmartCurrents program includes three projects:deploy a large-scale network of 660,000 smart meters; implement the Smart Home program which will provide customer benefits such as dynamic pricing to 5,000 customers and smart appliances to 300 customers
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