The White House Announces $250M in Loans for Smart-Grid Technology

The White House today announced that it would provide $250 million in loans for smart-grid technology deployment as part of the U.S. Department of Agriculture’s Rural Utility Service, which is focused on upgrading the electric grid in rural America.

The launch of Grid 21, which integrates 21st century technology with the 20th century power grid, is a private sector initiative to promote consumer-friendly innovations while ensuring proper privacy safeguards and consumer protections.

Grid 21 will help consumers get better access to their own energy usage information so that they can take advantage of new tools and services to manage their energy use and save on their utility bills.

Related: Echelon Corporation (ELON), Comverge, Inc. (COMV), EnerNOC, Inc. (ENOC), Itron, Inc. (ITRI).

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