Budget of €500 Mio that are used for projects to reduce emissions, enhance energy efficiency, conduct R&D on renewables and investments into making new technologies available for economic use. The "realisation of innovative networks" is one of the subgoals in their program. In addition to that, Smart Grids are declared to be one measure to reduce emissions. There are currently 24 Projects run by private companies around the Smart Grid technology supported by the Austrian Klimafonds and FFG, that are being concluded in the years 2011 and 2012 and have a total volume of €10.3 Mio. Another impact is, that the Austrian Institute of Technology (AIT) opened up a Smart Grids Lab in July 2010. Their research teams are helping the industry to develop new electronic network components and analysing their interaction with the power grid. The Federal Ministry for Transport, Innovation and Technology initialised a cooperation with Swiss and German partners. The goal is to research information and strategies for implementing Smartg Grids, on the basis of experiences from research and pilot projects for the development and testing Smart grid solutions. By the end of 2010 the working program should be published in form of a brochure. References External links Austrian E-Control on Smart Grids European SmartGrids Technology Platform Austrian Platform for Smart Grids Austrian E-Wirtschaft Austrian Klimafonds AIT Smart Grid Labs AIT Video on Smart grids Energie der Zukunft Austria Electric power infrastructure in Austria