This is an excerpt from EERE Network News, a weekly electronic newsletter.

September 01, 2010

DOE Announces Two Million Smart Meters Installed in the U.S.

DOE announced on August 31 that two million smart meters have been installed across the country, supported by American Recovery and Reinvestment Act funding that is speeding modernization of the U.S. electrical grid. Smart meter technology helps reduce the amount of time needed to respond to energy disruptions and enables consumers to monitor their energy consumption and costs.

An analysis by the Electric Power Research Institute estimates that smart grid technologies could reduce electricity use by more than 4% annually by 2030. That would mean a savings of $20.4 billion for businesses and consumers in the United States. For example, Battelle Memorial Institute is collaborating with American Electric Power on the Ohio gridSMART demonstration project to upgrade the electric grid in northeast central Ohio near Columbus. As part of that project, some 110,000 smart meters have been installed, funded in part by a $75 million DOE grant using Recovery Act funds. Overall, such efforts will improve grid reliability, increase grid efficiency, lower consumer energy consumption and costs, reduce peak demand, and significantly reduce carbon emissions. See the DOE press release and the gridSMART Web site.