Smart grid investment grants: Navigating the challenges
How can power and utility companies increase compliance and effectively deliver against governmental requirements?
Public and investor-owned utilities have received $3.4 billion from the US Department of Energy and the Treasury through initiatives including the Smart Grid Investment Grant program.Companies faced unexpected challenges in developing, refining, and implementing internal controls and compliance processes in response to the regulations and requirements associated with these grants.
For those that continue to receive grant funding, the benefits can be valuable, but there will be evolving challenges associated with compliance leading to comprehensive audits by multiple parties.