Administration officials on April 16 outlined plans to distribute more than $3.3 billion in smart-grid- technology development grants and an additional $615 million for smart-grid storage through the American Recovery and Reinvestment Act. The grants will range from $500,000 to $20 million for smart-grid applications and $100,000 to $5 million for grid monitoring devices.“We need an upgraded electrical grid to take full advantage of the vast renewable resources in this country,” said Vice President Joe Biden. Commerce Secretary Gary Locke said administration of- ficials will hold a meeting in Washington, D.C., in May to discuss the development of industrywide standards
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.