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US Energy Review includes $3.5bn Smart Grid investment

29 Apr 2015

In the US, the Obama Administration released the first part of its’ Quadrennial Energy Review, which includes initiatives to promote the country’s smart grid modernisation.

The Department of Energy has requested that the 2016 budget includes US$3.5 billion over the next 10 years for investment in smart grid technology development, enhanced security capabilities, and increased support.

One focus will be working with energy providers, and the Department of Energy will be meeting with the 17 core heads of these energy providers later this month, including Con Edison, National Grid and Exelon.

Rural areas will also see a boost, with $72 million to fund six new rural projects including solar.