USDA Announces $10 Million in Rural Smart Grid Funds
September 26, 2012
The U.S. Department of Agriculture (USDA) announced on September 20 the latest in a series of funding steps to modernize and improve the efficiency of rural electric generation and transmission systems. The agency will offer loan guarantees to support nearly $10 million in smart grid technologies.
One of the loan recipients is Nobles Cooperative Electric, which serves counties in southwestern Minnesota and northwestern Iowa. Their loan includes $850,000 in smart grid projects. The Gundy Electric Cooperative, Inc., which serves customers in Iowa and Missouri, has also been selected for a loan guarantee that includes over $700,000 in smart grid projects. Earlier this month, the USDA announced it had met its goal to finance $250 million in smart grid technologies in fiscal year 2012. See the USDA press release.
In 2009, the Energy Department released the first Smart Grid System Report, which examined smart grid deployment nationwide. The report noted that smart grids have the potential to dramatically change how we experience electricity in the country. See the July 22, 2009 edition of the Energy Efficiency and Renewable Energy Network News newsletter.