$200m for grid modernization and energy waste reduction in U.S.


Washington, DC, U.S.A. — (METERING.COM) — March 19, 2013 – The Obama administration is budgeting $200 million in one-time funding to support state governments that implement effective policies to cut energy waste and modernize the grid, according to a new fact sheet on the president’s blueprint for the nation’s energy future.

Under the heading of “making energy go farther across the economy,” it is noted that improvements in energy efficiency are critical to building a clean and secure energy future. To this end it is proposed to double American energy productivity (i.e. halve energy waste) by 2030, relative to 2010 levels.

Key opportunities for states include modernizing utility regulations to encourage cost effective investments in efficiency like combined heat and power, clean distributed generation, and demand response resources; enhancing customer access to data; investments that improve the reliability, security and resilience of the grid; and enhancing the sharing of information regarding grid conditions.

Further over the next four years, the president is committed to accelerating progress on energy productivity including through the Better Buildings Challenge, improving energy data access for consumers through the Green Button initiative, and making appliances more efficient.

Other proposals in the blueprint include an Energy Security Trust with funding of $2 billion over 10 years to support breakthrough research on cost effective transportation alternatives, including electric vehicles and fuel cells. Funding for the Trust would be via mandatory funds set aside from royalty revenues generated by oil and gas development in waters of the outer continental shelf (OCS), and is thus paid for within the context of the overall budget.

It is also proposed by 2020 to double renewable energy production relative to 2012 levels, and to cut net oil imports in half relative to 2008 levels.