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Cree, NCSU, ABB share $5.15 million smart-grid grant

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Federal energy officials awarded a $5.15 million, three-year grant to a group led by Durham-based Cree that's working on new "smart grid" technology.

Cree's partners include researchers at N.C. State, ABB and Powerex. Most of the money will go to Cree, which is developing a new semiconductor device. N.C. State announced it will receive about $750,000 of the grant.

The grant is the latest from the U.S. Department of Energy to reach the Triangle. N.C. State has gotten money from previous grants related to electricity grids and renewable energy.

The term "smart grid" refers to a digital system that's expected to improve how electricity is delivered, and allow utilities to store power from renewable resources such as solar and wind.

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About the blogger

Assistant Business Editor Alan M. Wolf joined the N&O in 1999 covering the business of health care. He became an editor in 2001, and helps oversee the paper's daily business coverage and Sunday Work&Money section. He lives in Clayton with his wife and two children. Reach him at 919-829-4572 or e-mail him.