Obama Admin Announces $3.4 Billion for Smart Grid

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.


Barack Obama on Tuesday announced $3.4 billion in funding for smart grid technology, the largest investment in energy grid modernization in history.

“There’s something big happening in America in terms of creating a clean-energy economy,” Obama said, adding that there is much more to be done.

The funds will be used to deploy “smart meters,” a digital technology that delivers information on energy usage to both customers and to utilities. For homeowners, this would be a display in the house that gives a readout on electricity use, which is in turn connected to the electricity providers so they can better coordinate their energy delivery.

The investment was announced during Obama’s visit to Florida Power and Light’s DeSoto Next Generation Solar Energy Center in Arcadia, Florida. FPL received a $200 million grant, which will be used to install 2.6 million smart meters and other technologies designed to cut energy costs for customers. This kind of investment will help build a “smarter, stronger and more secure electric grid,” Obama said.

Grants were awarded to 100 different companies as part of the American Reinvestment and Recovery Act, for projects in every state except Alaska. They’re matched with $4.7 billion industry funding, so the total investment is worth more than $8 billion. The White House also released a map of the locations for the smart grid projects.

DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate