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Smart grid technology; According to a 2012 Jones Lang LeSalle report, Atlanta is the 10th largest technology city in the United States. The report went on to say that Atlanta tech companies generated $113 billion in revenue and nearly 30,000 new jobs. [5]
Support for the smart grid in the United States became federal policy with passage of the Energy Independence and Security Act of 2007. [1] The law set out $100 million in funding per fiscal year from 2008 to 2012, established a matching program to states, utilities and consumers to build smart grid capabilities, and created a Grid Modernization Commission to assess the benefits of demand ...
Smart Grid technology is subsidized by the creation of a program within the DoE that “reimburses 20% of qualifying Smart Grid investments”. [13] On a state level, utilities providers are encouraged to employ Smart Grid technology and to recover Smart Grid investments through rates.
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In 2009, the U.S. Department of Energy granted Southern Company a $165 million Smart Grid Investment Grant to implement a smart grid and to make the grid more reliable. Through matching funds and other investments, the company spent $363 million on the initiative, which it completed in 2014.
The smart grid is an enhancement of the 20th century electrical grid, using two-way communications and distributed so-called intelligent devices. [1]
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