U.S. to spend $3.9 bln on "smart" power grid -Chu

Newswire

SAN FRANCISCO, June 25 (Reuters) - U.S. Energy Secretary Steven Chu announced on Thursday $3.9 billion in "smart grid" funding aimed at making power transmission around the country more flexible. Addressing utility executives at an industry meeting, Chu said the funds would help create a system to allocate electricity more efficiently, whether through improved power lines or by allowing batteries in hybrid cars to feed back into the grid when needed. "Right now, the way we distribute ...

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