Smart Grid Development

$3.4 Billion For Smart Grid Development

By Jeff Siegel
Tuesday, October 27th, 2009

So it looks like the government is going to pony up $3.4 billion in grants for smart grid development.

In an effort to help consumers save money on electric bills, reduce blackouts and move a wealth of new wind and solar, these grants will go to 100 companies, utilities, manufacturers, cities and various other partners in 49 states.

The winning companies have also secured another $4.7 billion in private investment, bringing the total to $8.1 billion in total smart grid investments.

And in wind news, SeaEnergy announced today that it's looking to build offshore wind farms in Taiwan with energy project developer, Taiwan Generations Corporation.

The two companies will start with an offshore wind farm on the west coast of Taiwan, which will have a capacity of up to 600 megawatts.

Taiwan currently has a renewable energy target of 15 percent by 2025.

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Jeff

Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!

There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.

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