Biden unveils grants for smart grid
More than $3.3 billion in stimulus funding for grants may drive the rollout of a nationwide electrical smart grid.
The Los Angeles Times grid technology deployments and up to $5 million for the deployment of grid monitoring devices."
Biden also announced "an additional $615 million for energy storage, monitoring, and technology viability." Additionally, Energy Secretary Steven Chu "plans to bring together key stakeholders" next month "to develop a road map for creating industry-wide standards to unlock the potential of the smart grid." However, "with players including private utility operators, vendors and manufacturers, state regulators, and consumer representatives, creating a baseline set of standards could prove difficult."
Reuters reports that the DOE released a draft funding for an additional $615 million in grants for smart grid demonstration projects.
The AP reports that, speaking from the factory floor of transformer company ABB Inc., "Biden touted an order for 100 ABB-built electrical transformers to be used at a $300 million wind power plant in northwest Missouri" that will be built with smart electric grid components. "Wind Capital Group, which plans to break ground in August on the DeKalb County project, says it will be the largest wind farm in Missouri with a capacity to provide power to about 50,000 homes."
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey