Con Edison To Receive Additional $45m Smart Grid Stimulus Funding

Published: 24-Nov-2009

Consolidated Edison will receive an additional $45m in smart grid stimulus funds from the US Department of Energy (DOE).

This federal stimulus money will help fund a smart grid programme that will enable Con Edison to identify, develop, and test new technologies within the electric delivery system that will help build a smarter and efficient grid. Some projects in the award include distribution monitoring devices, electric vehicle charging stations, renewable energy generation, energy storage, consumer systems, and a command and control network.

The recent DOE smart grid demonstration programme award is in addition to the $136m announced in October, which Con Edison will use to deploy and integrate smart grid technology on the electric system.

The $181m in smart grid stimulus funds that Con Edison is scheduled to receive will broaden the scope of the company's existing smart grid efforts to modernize the electric grid in America.

Con Edison will work with other parties on this project, including the New York City Economic Development Corp., The Boeing Co., and Columbia University. Other parties include Viridity Energy, the Prosser Group, CALM Energy, and Rudin Management.

The company is already testing various technologies in a small-scale smart grid pilot project in Queens.

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