The $3.4Billion in grants for smart grid technology that were awarded yesterday are the single largest one-day award from the stimulus bill. There are 100 companies involved in the projects that are within 49 states, excluding Alaska. The funds will go into the accounts of awardees within 60 days, and the projects are projected to take between 12 and 36 months.
The largest technology element of this award is for smart meters, paying for 18 million smart meters in homes to allow homeowners to better manager their energy use. There are 700 automated substations included, which will allow utilities to quickly restore power in the event of emergencies. And there will be 200,000 smart transformers.
Details on the 100 grants that were awarded can be found in this PDF Document, including coverage maps.
