Duke Energy has applied for $214 million in federal infrastructure funds that will go toward establishing the Charlotte-based utility’s “smart grid”system. $14 million would go toward the company’s operations in South Carolina and North Carolina for smart grid transmission lines and demonstration projects. Duke Plans to convert its entire electricity-delivery infrastructure into an advanced, state of the art smart grid. Duke Energy spokesman Dan Scanzoni says the smart-grid is essentially an “energy internet” that will use two-way communication to improve energy efficiency.
“It will help in terms of detecting power outages. It will also help in terms of making the system more reliable and ultimately can help customers achieve energy efficiency and hold down their power bills.”
Duke submitted its application for the federal funds with the U.S. Department of Energy which will award $4.5 billion in smart grid grants nationwide as part of the Economic Stimulus Package. Duke is on the fast track of developing its smart grid system in Ohio, Kentucky, and Indiana. [Read more...]







