Electric-utility executives are cheering the announcement that the federal government will promote standards for interoperability and security of a “smart grid” and that Energy Dept. grants for smart-grid investments and demonstration projects will be greatly enlarged. On May 18, U.S. Energy Secretary Steven Chu and Commerce Secretary Gary Locke announced the first set of 16 standards required for smart-grid implementation. DOE also will provide $10 million in American Recovery and Reinvestment Act funds to the National Institute of Standards and Technology to support development of the standards. DOE’s maximum award of ARRA funds for the Smart Grid Investment Grant Program
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.