US DOE announces $13 B funding for transmission
The Biden administration is to provide the $13 B funding to support the expansion and modernisation of the national power grid.
Image for illustration purposes
USA, Washington, D.C.: The Biden administration is to provide the $13 B funding to support the expansion and modernisation of the national power grid.
Huge federal funding allocations have been made for grid modernisation under the Bipartisan Infrastructure Law (BIL), and this is the largest single direct federal investment in critical T&D infrastructure. It is one of the first down payments on an over $20 B investment under the DOEs Building a Better Grid Initiative launched in January 2022.
The latest funding opportunity announcement (FOA) (DE-FOA-0002740) will catalyse the development of thousands of kilometres of long-distance, high-capacity transmission lines needed to renew the country’s ageing infrastructure, 70 % of which is estimated to be over 25 years old.
DOE’s Grid Deployment Office (GDO), which was created to implement BIL programmes, is administering these initiatives.
Source: Energy Central
#expansion#funding#modernisation#power grid#US Department of Energy#USA