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Print Edition StoriesMonday, August 10, 2009
Northeast Utilities seeks stimulus funds for smart grid
By Mass High Tech staff
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Northeast Utilities, a Berlin, Conn.-based energy delivery firm, hopes to grab a piece of the $2.4 billion in grants awarded through the American Recovery and Reinvestment Act. Today the company applied for federal funds that would support half of the implementation of a smart grid in Connecticut, New Hampshire and Western Massachusetts — a development that is expected to total about $253 million.
The smart grid project, Northeast Utilities (NYSE: NU) officials said in a press release, would provide 500 jobs, offer fewer electric service interruptions and give customers more control of their energy usage by providing detailed use coverage and cost information. The company said that the smart grid would also enable quicker integration of alternative energy solutions and also help promote electric transportation with more charging stations.
More specifically, in Connecticut, the stimulus funds would apply to install smart meters, install smart appliances in conjunction with General Electric. and automate distribution within the Connecticut Light and Power Company. In New Hampshire, the funds would help cover costs associated with smart meter installation and full automation of a 250,000-customer distribution network. In Western Massachusetts, the funding would be used in advanced sensing technology, automatic distribution and eventually smart meters.
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