Progress Energy announced that it applied for $200 million in U.S. Department of Energy (DOE) federal infrastructure funds for the development of an electric Smart Grid in the Carolinas and Florida. The DOE grant would be shared equally between the two states.
A “Smart Grid” is a modernized digital electric transmission and distribution system that delivers detailed, real-time energy use information to customers.
This article appears in Aug 19-25, 2009.