By Jim Snyder - 09/22/09 09:08 PM EDT
“Smart grid” is a moniker for a better-performing electricity grid. Leveraging software and other new technologies, a smart grid would reduce the energy lost during the transmission of electricity and make it easier for consumers not to be such energy hogs.
Why? Money. The administration made the development of the green economy central to its economic recovery package. The $787 billion stimulus included $4.5 billion to the Energy Department for smart grid efforts, and another $16 billion for other energy-efficiency and renewable efforts.
GridWeek lasts until Thursday, when Commerce Secretary Gary Locke is to give closing remarks. Energy Secretary Steven Chu opened the conference by announcing new DoE smart-grid grants.