Whirlpool Corporation Selected To Receive Federal Smart Grid Stimulus Funds

Wed Oct 28, 2009 8:42am EDT

* Reuters is not responsible for the content in this press release.

BENTON HARBOR, Mich., Oct. 28. /PRNewswire-FirstCall/ -- Whirlpool Corporation
(NYSE: WHR) today announced that it is the recipient of stimulus funds as part
of the U.S. Department of Energy's (DOE) Smart Grid Investment Grant program. 


(Logo:  http://www.newscom.com/cgi-bin/prnh/20040202/DETU004LOGO)

The grant of $19.3 million over a two year period - which Whirlpool will match
with its own investments - will help the company accelerate its work to
deliver to consumers smart appliances that can connect with the smart grid. 
For example, the company recently announced that in 2011 it would deliver one
million U.S. manufactured smart dryers capable of reacting intelligently to
signals from the smart grid by modifying their energy consumption to save
consumers money on their home electric bills.  In markets where utilities
offer variable or time-of-use pricing, these dryers could save a typical
consumer $20 to $40 per year, while also benefitting the environment.

"The grants announced today are a great example of public and private
partnerships that will create the next generation of energy saving solutions,"
said Mike Todman, president, Whirlpool Corporation North America.  "Smart
appliances combined with time of use pricing offer consumers the greatest
ability to save money on energy costs while benefitting the environment. 
Whirlpool Corporation continues to leverage its strong U.S. footprint to
deliver the innovations that both meet consumers' needs and help to address
environmental and energy concerns."

In addition, the funds will complement the company's commitment that by 2015
all of the electronically controlled appliances it produces - everywhere in
the world - will be capable of receiving and responding to signals from the
smart grid.  This commitment is dependent on two important public-private
partnerships: the development by the end of 2010 of an open, global standard
for transmitting signals to and receiving signals from a home appliance; and
appropriate policies that reward consumers, manufacturers and utilities for
using and adding these new peak demand reduction capabilities.

About Whirlpool Corporation
Whirlpool Corporation is the world's leading manufacturer and marketer of
major home appliances, with annual sales of approximately $19 billion in 2008,
70,000 employees, and 67 manufacturing and technology research centers around
the world.  The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air,
Amana, Brastemp, Consul, Bauknecht and other major brand names to consumers in
nearly every country around the world.  Additional information about the
company can be found at http://www.whirlpoolcorp.com.




SOURCE  Whirlpool Corporation

Media: Jill Saletta, +1-269-923-7405, Media@Whirlpool.com, or Financial: Greg
Fritz, +1-269-923-2641, Investor_relations@whirlpool.com, both of Whirlpool
Corporation
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