WASHINGTON, DC - House Majority Leader Steny Hoyer (MD) released the following statement today following the Obama Administration’s announcement of $3.4 billion in Smart Energy Grid Investment Grants to modernize America’s energy infrastructure:
“Investments made today to develop and grow our clean energy economy will reap immediate benefits by creating jobs and advancing our recovery, as well as in the future by spurring long-term growth and providing the durable infrastructure to meet tomorrow’s energy demands.
“The transition to a clean energy economy however requires that America’s power grid be capable of delivering energy efficiently and reliably, which is why the Recovery Act provides for a strong public-private investment in Smart Grid technology. One of the most promising innovations to modernize our energy infrastructure, Smart Grid technology combines energy transmission with real-time communication to achieve the greatest energy efficiencies.
“Today’s grants will facilitate the deployment of the best and brightest in our energy sector workforce to help fuel the next generation of innovation in this country, promote the expansion of renewable energy sources, and help consumers and businesses realize greater energy savings.”