The Dept. of Energy has selected 32 projects to receive a total of $620 million in American Recovery and Reinvestment Act funds to advance and evaluate new technologies to make the nation's electricity grid more effective. The DOE funding will be complemented by more than $1 billion in private-sector matching funds for those projects. Related Links: Smart Grid Demo List Grid Modernization Will Mean Construction DOE Awards $3.4 Billion for 'Smart Grid' Upgrades The "smart grid" funding awards, announced Nov. 24, include energy-storage pilot projects, as well as plans that involve smart metering and distribution and transmission monitoring equipment. If
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.