Oklahoma utility receives stimulus funding
OKLAHOMA CITY, OKLAHOMA - An application by Oklahoma Gas and Electric to install new digital electric meters has been approved for $130 million in federal stimulus funds.
The Oklahoma City-based utility announced the award for its "smart-grid" program.
OG&E, a subsidiary of OGE Energy Corp., applied in August for the matching funds to speed up the deployment of its smart-grid technology across its 30,000-square-mile territory in Oklahoma and western Arkansas.
A smart grid requires the installation of digital electric meters at customer locations to replace existing electric meters.
The meters transmit information about electricity use to the utility company via a newly installed wireless communications network.
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The International Renewable Energy Agency found that accelerating investment in renewable energy could generate huge economic benefits while helping to tackle the global climate emergency.
The agency’s director general, Francesco La Camera, said the global crisis ignited by the coronavirus outbreak exposed “the deep vulnerabilities of the current system” and urged governments to invest in renewable energy to kickstart economic growth and help meet climate targets.
The agency’s landmark report found that accelerating investment in…
