Our electric grid is undergoing a major transformation, with $4.5 billion in Recovery Act funds being used to help catalyze the adoption of smart technologies and systems designed to increase the electric grid’s flexibility, reliability, efficiency, affordability, and resiliency. Titilayo Ogunyale talked with Tim Conway, Technical Director at the SANS Institute, which provides information security training and security certification, about how organizations can address the challenges of strengthening their own cybersecurity workforces.
Platts awarded the Bonneville Power Administration (BPA) a Global Energy Award for grid optimization on December 12 in New York City for its development of a synchrophasor network. BPA is part of the Recovery Act-funded Western Interconnection Synchrophasor Program.
The Departments of Energy and the Treasury worked in partnership to develop, launch, and award the funds for 48C Advanced Energy Manufacturing Tax Credit program. The Advanced Energy Manufacturing Tax Credit authorized Treasury to provide developers with an investment tax credit of 30 percent for the manufacture of particular types of energy equipment. Funded at $2.3 billion, the tax credit was made available to 183 domestic clean energy manufacturing facilities during Phase I of the program.
The 48C Advanced Energy Manufacturing Tax Credit program was initiated under the American Recovery and Reinvestment Act of 2009 to support investments in projects that establish, expand or re-equip clean energy manufacturing facilities. Funded at $2.3 billion, a 30% investment tax credit was made available to 183 domestic clean energy manufacturing facilities during Phase I of the program. Phase II was launched to utilize $150 million in tax credits that were not used by awardees from the first round.