HECO gets piece of $3.4 billion to modernize grid
The government funds will be matched by more than $4.7 billion in private-sector investments. The awards went to 100 companies, utilities, manufacturers and cities across the nation. They included $5,347,598 to Hawaiian Electric Co. to upgrade its electrical grid.
The largest chunk of the government funding — $2 billion — went to projects that will integrate different “smart grid” components, such as smart meters and automated substations, into one system. Another $1 billion was directed to projects that expand consumer access to smart meters and other systems that will enable them to run appliances and equipment when electric rates are the lowest.
About $400 million will go to projects that will reduce the amount of power that is wasted in its journey from the power plant to the end user.
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"As Congress takes steps to ensure that our nation's workforce is prepared to emerge stronger from the coronavirus health and economic crisis, we must act to shore up clean energy businesses and workers who are uniquely impacted by the crisis," said the senators. "This action, which has precedent in prior financial recovery efforts, could take several forms, including tax credit extensions or removal of the…
