Techtechnologygreen techGreen Technology

Smart Grid: Obama To Give $3.4 Billion To Upgrade Electric Grid

Smart Grid: Obama To Give $3.4 Billion In Grants To Upgrade Electric Grid
Open Image Modal
By 

Executive Tech Editor, The Huffington Post

|
Open Image Modal

WASHINGTON (Reuters) -- President Barack Obama on Tuesday will announce $3.4 billion in government grants to help build a "smart" electric grid that will save consumers money on their utility bills, reduce blackouts and carry power supplies generated by solar and wind energy, the White House said.

It marks the largest award made in a single day from the $787 billion stimulus package approved by Congress, and will create tens of thousands of jobs while upgrading the U.S. electric grid, according to administration officials.

Read more on Yahoo! News

Support HuffPost

At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.

Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.

Would you join us to help keep our stories free for all? Your will go a long way.

Support HuffPost
Suggest a correction
|
Submit a tip