Gov't gives $52M for power grids |
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Thu, 28 Jun 2007 00:13
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WASHINGTON (AP) - The Energy Department said Wednesday it would provide nearly $52 million in funding for research into power grid technologies, including superconductors designed to conduct electricity better than traditional copper wires.Five projects were approved for funding on the projects, expected to last two to five years, the Energy Department said.The cost of funding is to be split evenly between the government and companies.Georgia-based Southwire Co. won a $13.3 million project to connect two Entergy Corp. substations in New Orleans thorough a superconducting cable.Westborough, Mass.-based American Superconductor Corp. won a $9 million award to demonstrate a new cable technology for the Long Island Power Authority and a $12.7 million for a technology being demonstrated at a site owned by Edison International's Southern California Edison utility.SC Power Systems of San Mateo, Calif., a subsidiary of Zenergy Power PLC, was awarded $11 million to demonstrate a technology on the Southern California Edison power grid. SuperPower Inc. of Schenectady, N.Y., won $5.8 million to demonstrate a technology on the power grid owned by American Electric Power Co. Inc.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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