US President Barack Obama Tuesday announced US$3.4B in grants to help build a “smart” electric grid meant to trim utility bills, reduce blackouts and carry power generated by solar and wind energy. It was the largest award made in one day from the US$787B stimulus package approved by Congress. The White House said the award will create tens of thousands of jobs while upgrading the US Electric Grid. The grants, which range from US$400,000 to US$200M, will go to 100 companies, utilities, manufacturers, cities and other partners in 49 states; every state except Alaska. President Obama made the announcement after taking a tour of an array of 90,000 solar panels that line a grassy plain of cow pastures deep in the muggy heart of Florida, apparently more panels than there are people in Arcadia. There he told a crowd the program was an important investment in the types of clean energy he would like to foster in the United States to wean the country off carbon fuels.
-Paul A. Ebeling, Jnr. www.livetradingnews.com
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