The Dept. of Energy has awarded $3.4 billion in American Recovery and Reinvestment Act grants to modernize the electric power grid and boost its efficiency and reliability. Related Links: Grant Awards by Category (141 KB) Smart Grid Grant Locations (568 KB) The federal money will be supplemented by more than $4.7 billion in private-sector matching funds, DOE said. President Obama, announcing the 100 "smart grid investment grants" on Oct. 27 at a Florida Power & Light Co. solar energy facility in Arcadia, Fla., called the spending "the largest-ever investment in a smarter, stronger and more secure electric grid."
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.