|
Signature Sponsor
August 7, 2024 - In support of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy (DOE) has announced a $2.2 billion investment in the nation’s grid for eight projects across 18 states to protect against growing threats of extreme weather events, lower costs for communities, and catalyze additional grid capacity to meet load growth stemming from an increase in manufacturing and data centers. Funded by the Bipartisan Infrastructure Law’s Grid Resilience and Innovation Partnerships (GRIP) Program, the projects selected today will catalyze nearly $10 billion in total public and private investment to bring reliable, affordable, clean energy to Americans. This deployment of new, innovative transmission infrastructure and technology upgrades to the existing grid will add nearly 13 gigawatts (GW) of grid capacity—including 4,800 megawatts (MW) of offshore wind—allowing more clean power to reach customers across the country. These projects will create at least 5,000 good-paying jobs and upgrade more than 1,000 miles of transmission in total. “The first half of 2024 has already broken records for the hottest days in Earth’s history, and as extreme weather continues to hit every part of the country, we must act with urgency to strengthen our aging grid to protect American communities,” said U.S. Secretary of Energy Jennifer M. Granholm. “The Biden-Harris Administration is investing in the most crucial component of the nation’s infrastructure, expanding and hardening the grid to allow more resilient, clean power to reach more household, and support the ongoing manufacturing boom—all while creating thousands of local jobs.” “In order to reach President Biden and Vice President Harris’ climate and clean energy goals, we need a bigger, smarter, more resilient grid,” said John Podesta, Senior Advisor to the President for International Climate Policy. “Today’s awards are bringing us closer to our clean energy future by building out transmission and upgrading grid infrastructure from North Carolina to California.” “Under President Biden and Vice President Harris’s leadership, the United States is leading an unprecedented expansion in the capacity of the existing U.S. transmission network, which will further catalyze our work to deliver reliable, affordable power across the country," said White House National Climate Advisor Ali Zaidi. “As we build out the nation’s power grid to keep pace with historic manufacturing and clean energy growth, we are doing so by harnessing innovative technologies to lower energy costs, create hundreds of thousands of good-paying jobs, and take on the climate crisis. The investments we are making today will enhance the strength and resilience of our grid, especially in the face of more climate-fueled extreme weather events like wildfires, flooding, and extreme heat.” Part of DOE’s Building a Better Grid Initiative and authorized by the Bipartisan Infrastructure Law, the GRIP Program funding represents the federal government’s single largest direct investment into critical grid infrastructure – part of the Biden-Harris Administration’s historic actions to get grid updates funded, permitting, and deployed across the country. Today’s selections are made through Grid Innovation Program grants, one of three GRIP funding mechanisms, that seek to deploy projects that use innovative approaches to transmission, storage, and distribution infrastructure to enhance grid resilience and reliability. The full list of projects is available online. Selected projects will leverage:
The Investing in America agenda is providing the largest electric grid infrastructure investment in history to strengthen America’s power grid while lowering energy costs and creating good-paying jobs. Under the Biden-Harris Administration’s leadership, the U.S. is projected to build more new electric generation capacity this year than in two decades while also mobilizing to upgrade thousands of miles of existing transmission lines. This includes catalyzing nationwide collaboration on modern grid technologies and funding their deployment, accelerating transmission permitting, and increasing grid capacity to support electricity demand to support increased electrification, data centers, and manufacturing. In addition to the Grid Innovation Program, the GRIP Program includes two additional funding mechanisms: Grid Resilience Utility and Industry Grants that provide funding to the private sector to strengthen and modernize America’s power grid against wildfires, extreme weather, and other disruptive events that are exacerbated by the effects of climate change, with a focus on grid hardening efforts; and Smart Grid Grants fund technology investments that will increase how much power the grid can handle; prevent faults that may lead to wildfires or other system disturbances, integrate more renewable energy; and facilitate the integration of electrified vehicles, buildings, and other devices. The second round of selections for GRIP’s the Grid Resilience Utility and Industry Grants and the Smart Grid Grants will be announced later this year. Learn more about the Grid Deployment Office. |
|