Let’s place some perspective on the smart grid funding, there is roughly, “$6.3 billion of an approximate total of $7.9 billion in investment has been spent on projects tied to the federal Smart Grid Investment Grant (SGIG) program, according to a progress report released by the U.S. Department of Energy (DOE).”
“The DOE and the electric utility industry have together invested in 99 cost-shared projects, with 228 electric utilities and other organizations participating. Federal funding amounted to about $3.4 billion, and project recipients added approximately $4.9 billion in private funding. In addition, more than $3 billion has been reimbursed to recipients.”
This funding is the tip of the iceberg for what is required to assemble and produce a smarter grid. The involvement of varied disciplines across platforms are needed to build up and develop the anomalous smart grid.
The grid requires planning and modernization to manage the demand.
“The SGIG projects are divided into four broad categories – electric transmission systems, electric distribution systems, advanced metering infrastructure (AMI) and customer systems – with many associated with more than one category. Ninety-two of the 99 projects are more than half complete, with the vast majority – 76 of them – more than 70% complete. Only seven projects are less than half complete.”
The relevance of smart grid thinking is not theoretical supposition but fact for strategic roll out and construction that will eventually have a nation tie in as web or nexus. The area of government must begin to push funding to pursue moderate to high level smart grid technologies to mitigate power and/or security risks that are sure to occur.
Related articles on smart grid
- 8 Charts That Illustrate Progress on DOE’s Smart Grid Investment Grants (greentechmedia.com)
- Siemens and Accenture Together as Omnetric on Smart Grid (landsdssustainable.com)