Salt River Project Smart Grid Project
| Awardee | Salt River Project |
|---|---|
| Award Negotiation Status | Awarded |
| Headquarters Location for Lead Applicant |
Tempe, Arizona |
| Recovery Act Funding Awarded | $56,859,359 |
| Total Project Value Including Cost Share |
$114,003,719 |
| ARRA Funding Percentage | 49.9% |
Company Overview
The Salt River Project, located in Tempe, Arizona, will receive $200 million in funding to develop a smarter energy grid. The U.S. Department of Energy selected the Salt River Project as one of 100 companies to receive federal stimulus funds as part of the American Recovery and Reinvestment Act of 2009. The stimulus funds will be used to expand the utility's smart meter network, adding an additional 540,000 meters, a customer portal, and dynamic pricing that will provide consumers real-time information on energy usage and prices that they can use to reduce their energy bills.
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