May 18, 2009
Locke, Chu Announce Significant Steps in Smart Grid Development
WASHINGTON - U.S. Commerce Secretary Gary Locke and U.S. Energy Secretary Steven Chu today announced significant progress that will help expedite development of a nationwide "smart" electric power grid.
A Smart Grid would replace the current, outdated system and employ real-time, two-way communication technologies to allow users to connect directly with power suppliers. The development of the grid will create jobs and spur the development of innovative products that can be exported. Once implemented, the Smart Grid is expected to save consumers money and reduce America's dependence on foreign oil by improving efficiency and spurring the use of renewable energy sources.
Before it can be constructed, however, there needs to be agreement on standards for the devices that will connect the grid.
After chairing a meeting of industry leaders at the White House, Locke and Chu announced the first set of standards that are needed for the interoperability and security of the Smart Grid and $10 million in Recovery Act funds provided by the Energy Department to the National Institute of Standards and Technology to support the development of interoperability standards.