Strong support from the Obama Administration, and billions in financial incentives from Congress, point to rapid growth opportunities for businesses in the smart grid space. Passage of the American Recovery and Reinvestment Act (“ARRA”) on February 17, 2009 injects billions of dollars into the development and deployment of smart grid technologies. However, businesses need to know more than just how much money Congress appropriated: knowing how these appropriations will reach the market, and how ARRA’s programs will interact with other energy policy issues, is essential to take advantage of this unprecedented level of federal energy investment.
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