Other Brands

Media Hub

Media Hub

CEO Forums

Podcasts

Power Panels

Tech Talks

Technology Showcases

Webinars

Event Interviews

Other Brands

Logo

Trustworthy coverage of the transformer and transformer-related industries.

Visit Website
Logo

Trustworthy coverage of the transformer and transformer-related industries.

Visit website

U.S. DOE Announces $2 Billion for Grid Resilience and Transmission Expansion

22 Oct 2024
The U.S. Department of Energy (DOE) has announced a nearly $2 billion investment to enhance the resilience of the U.S. power grid. The funding, part of the Biden-Harris Administration's "Investing in America" agenda, will support 38 projects across 42 states, upgrading nearly 1,000 miles of transmission lines and creating nearly 6,000 jobs. The projects aim to protect against extreme weather events, accelerate clean energy integration, and meet the growing demand for electricity as sectors like manufacturing and data centers expand.

 

The investment comes through the Grid Resilience and Innovation Partnerships (GRIP) program and will increase grid capacity by more than 7.5 gigawatts (GW), catalyzing over $4.2 billion in public and private investment. Key regions benefiting from this funding include states in the Southeast affected by Hurricanes Helene and Milton, and areas vulnerable to wildfires and severe storms.

Jennifer M. Granholm, U.S. Secretary of Energy, emphasized that these upgrades are essential for improving reliability and reducing power disruptions, while John Podesta, Senior Advisor to the President for International Climate Policy, highlighted the role this investment will play in achieving the administration's climate goals.

These GRIP projects align with the administration's Justice40 Initiative, which ensures that 40% of the benefits from federal climate investments reach marginalized communities.

 

 

Source: energy.gov

Subscribe image

Subscribe to our Newsletter

Subscribe to our newsletter and stay ahead with the latest innovations, industry trends, and expert insights in power systems technology. Get updates on cutting-edge solutions, renewable energy advancements, and essential best practices delivered straight to your inbox.