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Stimulus Spending on ‘Smart Grid’ Will Benefit Renewables, says GWS Technologies
Stuart Smith (October 28th, 2009) Writes:
Oct. 28, 2009 (Business Wire) — GWS Technologies, Inc. (OTCBB: GWSC), an alternative energy company developing and marketing solar and wind-powered renewable energy products and solutions, sees substantial benefits for wind and solar energy projects in yesterday’s White House announcement that $3.4 billion will be allocated to modernize the nation’s electrical power system to more easily use renewable resources. The money will be released in the form of grants to applicants and must be matched dollar for dollar by private funding. The grants are a result of an allocation of funds to smart grid projects in the American Recovery and Reinvestment Act of 2009.
“One of the biggest obstacles to developing more wind and solar power on a utility-size scale has been the lack of transmission lines tied to an electrical grid that’s capable of delivering clean electricity from the best solar and wind sites to the point of
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