President Obama announces $3.4 billion investment to spur transition to smart energy grid

ARCADIA, FLA. — Speaking at Florida Power and Light’s (FPL) DeSoto Next Generation Solar Energy Center, President Barack Obama announced the largest single energy grid modernization investment in U.S. history, funding a broad range of technologies that are intended to spur the nation’s transition to a smarter, stronger, more efficient and reliable electric system. The end result, according to the Administration, will promote energy-saving choices for consumers, increase efficiency, and foster the growth of renewable energy sources such as wind and solar.…