The U.S. electricity grid will get a 21st century upgrade, including installation of millions of smart meters, through a government-led program.
The Obama administration announced Tuesday where it is spending $3.4 billion of stimulus money on 100 smart-grid projects in 49 states. As part of the funding, utilities are contributing $4.7 billion to the projects, pushing the total spending to $8.1 billion.
President Obama made the announcement in Visalia, Florida, after touring the DeSoto Next Generation Solar Energy Center, which is designed to generate enough energy for about 3,000 residential customers of the utility FPL. It is the nation's largest photovoltaic electricity facility.
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Obama announces $3.4 billion for smart grid (Reuters)