The funding will be directed towards research on cyber security technologies, with 12 projects benefiting from the money.
The capital will be channeled to the projects through three programmes namely the Obama Administration's focus on energy-based infrastructure, the Office of Electricity Delivery and the Cybersecurity of Energy Delivery Systems.
The DOE said the projects will focus on strengthening the resilience and reliability of US grids through cost effective, scalable and innovative research on grid security technologies.
The research will look into how the integration of renewable energy sources with the grid can be securely increased at the generation, transmission and distribution stages, reported a local publication.
General Electric is one of the beneficiaries of the funding and has been tasked to do research of a technology which remotely detects cyber attacks for power plants.
The Massachusetts-based multinational conglomerate firm will focus on the ability of its technology to detect the source of cyberattacks and address them without disturbing the operation of the grid. Intel has been tasked to develop a cloud solution to allow secure interaction of grid infrastructure.Universities and other companies will develop educational programmes on cybersecurity and research on secure grid communications and data analytics platforms.
In early June, the European Commission signed an agreement with the European Cybersecurity Organisation (ECSO) to boost the research and development in cybersecurity solutions.
The EU commission said it will invest €450 million ($498.2m) under research and innovation project Horizon 2020, while ECSO will invest €1,3 billion ($1.4bn) through to 2020 to improve research and development of the solutions amongst its member states.
The collaboration aims to increase public-private partnership for the development of the technologies to secure the energy, health, transport and finance infrastructure.
The funds will be distributed to businesses, universities and researchers to implement grid security measures in order to foster cooperation in the early stages of the research and innovation process.Source : http://www.metering.com/news/doe-grid-security-solutions-funding/
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