Obama Admin Announces $3.4 Billion for Smart Grid

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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.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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