Obama Admin Announces $3.4 Billion for Smart Grid

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


Barack Obama on Tuesday announced $3.4 billion in funding for smart grid technology, the largest investment in energy grid modernization in history.

“There’s something big happening in America in terms of creating a clean-energy economy,” Obama said, adding that there is much more to be done.

The funds will be used to deploy “smart meters,” a digital technology that delivers information on energy usage to both customers and to utilities. For homeowners, this would be a display in the house that gives a readout on electricity use, which is in turn connected to the electricity providers so they can better coordinate their energy delivery.

The investment was announced during Obama’s visit to Florida Power and Light’s DeSoto Next Generation Solar Energy Center in Arcadia, Florida. FPL received a $200 million grant, which will be used to install 2.6 million smart meters and other technologies designed to cut energy costs for customers. This kind of investment will help build a “smarter, stronger and more secure electric grid,” Obama said.

Grants were awarded to 100 different companies as part of the American Reinvestment and Recovery Act, for projects in every state except Alaska. They’re matched with $4.7 billion industry funding, so the total investment is worth more than $8 billion. The White House also released a map of the locations for the smart grid projects.

TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

payment methods

TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate