ARCADIA, Florida (CNN) - President Barack Obama announced $3.4 billion in Smart Grid Investment Grant awards Tuesday, part of the administration's ongoing push for clean energy reform.
"We are building a smarter, stronger and more secure electric grid," Obama said at a Florida solar energy center. "Together, we can begin to see what a clean energy future will look like."
The awards, which are being funded through the $787 billion stimulus act, will fund "a broad range of technologies that will spur the nation's transition to a smarter, stronger, more efficient and reliable electric system," according to a White House statement.
Among other things, the awards will help support the installation of "smart meters" designed to help consumers monitor and control their energy consumption.
The awards, which will go to 100 private companies, utilities and cities, will be divided into grants ranging from $400,000 to $200 million.
The awards will be matched by another $4.7 billion in private sector funds.