The US Department of Energy has awarded Boeing an $8.5 million grant to conduct research on improving the efficiency of the US power grid. The research will be conducted on the next three years and will focus on improving efficiency and reliability.
The grant will fund a prototype smart grid in different sections of the US. The specific goals of the project are to: increase reliability of the grid, increase energy efficiencies, quickly allocate energy where and when its needed, provide better network security and reduce demands and costs of the system.
Dennis Muilenburg, president and CEO for Integrated Defense Systems at Boeing, said “For years, Boeing has developed secure, networked systems vital to our nation’s defense, and bringing this capability to the development of a smart power grid for energy security and efficiency is no less important for America’s future. Working with the Department of Energy and our industry partners to apply proven technology and systems engineering to energy solutions opens up new opportunities for innovation and growth at Boeing and new jobs across the country.”