DOE: Interagency collaboration underway on smart grid security
The Energy Department is collaborating with other agencies to ensure smart grid security, which is a top concern for the initiative according to Energy Secretary Steven Chu. He was among the speakers at a White House event June 13, according to FierceSmartGrid.
The Electric Power Research Institute has estimated smart grid development in the United States will cost $500 billion. In 2009, the American Recovery and Reinvestment Act funded $4.5 billion in smart grid and clean energy grants, which was matched by an additional $5.5 billion in private funding, notes the New York Times.
The White House has committed $250 million in smart-grid technology grants for projects that give citizens better access to energy consumption data. The Agriculture department will be awarding $250 million in loans for smart grid equipment deployment in rural America over the next 12 months, reports PC Mag.
As of today, 5 million smart meters have been installed nationwide, according to a statement from DOE declaring it a major milestone in smart grid modernization efforts. The agency will also develop a crowd-sourced map to track consumer access to energy data, and run a competition for students to develop energy-saving devices.
"This map will show where quality information is available nationwide based on voluntary consumer input. Access to information is a critical piece in helping consumers understand their energy use and their opportunities to save money through energy efficiency improvements," said the DOE release.
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