October 27th, 2009
12:30 PM ET
13 years ago

Obama unveils $3.4 billion in 'smart grid' energy awards

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/images/10/27/art.obamasolar.gi.jpg caption="Obama unveils $3.4 billion in 'smart grid' energy awards."]
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.

Filed under: Energy • President Obama
soundoff (6 Responses)
  1. Matt

    Smart Grid = Socialized Power. It allows the government at anytime to reduce or cut off your power if they feel you have used too much. Yet another aspect of the government intruding on our lives.

    Thanks a lot Liberals.

    October 27, 2009 02:18 pm at 2:18 pm |
  2. Fools and their freedoms are soon parted

    Anything to get your face in front of a camera right Obama...spend spend spend, smooze smooze smooze....OUR military are DYING just in case you are interested...I know you are not....

    October 27, 2009 02:24 pm at 2:24 pm |
  3. SLM

    What's another 3.4 billion to throw away on another failed Obama experiment? This man doesn't seem to understand we are broke and the check book is overdrawn. Please stop spending money we don't have on these experiments.

    October 27, 2009 02:45 pm at 2:45 pm |
  4. FLengineer

    3.4 billion, great, once they get through dealing with FDEP, ACOE, City of Arcadia, DOE, Southwest Florida Water Mangement District they will have .4 billion left to do the improvements. Welcome to the bureaucratic permitting nightmare State of Florida!

    Big Government IS the problem!

    October 27, 2009 02:52 pm at 2:52 pm |
  5. Enough

    If he had to award it out of his own pocket, he wouldn't be wasting the money on this. We are broke! Quit spending our money!

    October 27, 2009 03:13 pm at 3:13 pm |
  6. Matt

    From what I understand, we do need to improve the grid. That said, Obama sure picks inopportune times to push this through. He is spending money that we don't have, while trying to pass policies that will further bankrupt our country. He is the king of telling people what we want to hear, while holding off on the consequences of HIS decisions.

    October 27, 2009 03:13 pm at 3:13 pm |