GWS Technologies (GWSC.OB) and Renewables Industry to Benefit from Stimulus Spending on ‘Smart Grid’
QualityStocks (October 28th, 2009) Writes:
GWS Technologies is an alternative energy company that has been gaining much acclaim of late. Founded in 2005 in Scottsdale, Arizona, GWS became a fully-reporting company by March of 2007 and has had continued success since that time period. A recent announcement directed at stimulus spending will enhance GWS for years to come.
Yesterday, the White House stated that $3.4 billion will be allocated to modernize the nation’s electrical power system to more easily use renewable resources. The allocations of these funds came from the Obama administration’s American Recovery and Reinvestment Act of 2009 and were put into effect to fund smart grid projects across the country.
The availability of these funds will attract the attention of institutional investors because the money will be released in a form of a grant, being matched dollar for dollar by private funding. This new stream of capital will attract investors and
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