The new value for the expansion rate, known as the Hubble constant, or H0 (after Edwin Hubble who first measured the expansion of the universe nearly a century ago), is 74.2 kilometers per second per megaparsec (error margin of ± 3.6). The results agree closely with an earlier measurement gleaned from Hubble of 72 ± 8 km/sec/megaparsec, but are now more than twice as precise.
This new, more precise value of the Hubble constant was used to test and constrain the properties of dark energy, the form of energy that produces a repulsive force in space, which is causing the expansion rate of the universe to accelerate.
By bracketing the expansion history of the universe between today and when the universe was only approximately 380,000 years old, the astronomers were able to place limits on the nature of the dark energy that is causing the expansion to speed up. (The measurement for the far, early universe is derived from fluctuations in the cosmic microwave background, as resolved by NASA's Wilkinson Microwave Anisotropy Probe, WMAP, in 2003.)
Their result is consistent with the simplest interpretation of dark energy: that it is mathematically equivalent to Albert Einstein's hypothesized cosmological constant, introduced a century ago to push on the fabric of space and prevent the universe from collapsing under the pull of gravity. (Einstein, however, removed the constant once the expansion of the universe was discovered by Edwin Hubble.)
There's less wiggle room now for various theories of Dark Energy.