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Smart Grid's $8 Billion Down Payment
Tech Business
Written by Daniel   
Tuesday, 17 November 2009 18:36

The federal government is partnering with private industry to modernize the electrical grid.


President Obama announced in October that the federal government would distribute $3.4 billion in grants to modernize the electrical grid and fund the expansion of so-called smart grid projects. The money comes from the American Reinvestment and Recovery Act, previously known as the stimulus bill. The government says private industry will add $4.7 billion to the grants, bringing the total investment to $8 billion.
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