News & Events

News & Events

5.1.2009

Stimulus For Smart Grids is Welcome, But Faces Challenges

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As money starts flowing from the economic stimulus package passed by Congress and signed by President Obama, there is plenty of good news for supporters of energy conservation and renewable energy, but also some challenges. The American Recovery and Reinvestment Act of 2009 contains several provisions for increased funding, extended tax incentives, or outright grants to encourage renewable energy projects, energy savings and green jobs. One key feature of the bill is $30 billion in funding to upgrade the power transmission system and develop so-called smart grid technology. While funding is certain to help, upgrading an overburdened power grid and implementing smart technology both come with issues that money alone may not solve. View full article (PDF).

This article first appeared in the Puget Sound Business Journal.