DOE allocates $1 B for energy resilience in Puerto Rico
USA, Washington, D.C.: The US Department of Energy’s (DOE) Grid Deployment Office (GDO) is working on the allocation of $1 B to Puerto Rico.
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USA, Washington, D.C.: The US Department of Energy’s (DOE) Grid Deployment Office (GDO) is working on the allocation of $1 B to Puerto Rico.
The funding will be managed through the Puerto Rico Energy Resilience Fund (PR-ERF). After recent natural disasters and decades of underinvestment in the electric grid, this fund will be developed in consultation with local entities and communities. The investment also aligns with Puerto Rico’s public energy policy to achieve 100 % renewable energy by 2050 as well as the Biden Administration’s commitment to improving the island’s energy system.
“For far too long, Puerto Ricans have endured an unreliable and expensive electric system with frequent blackouts due to catastrophic weather events and ageing infrastructure,” said Agustín F. Carbó, director of the Puerto Rico Grid Modernization and Recovery Team. “This historic investment will be transformative for many Puerto Rican families, keeping the lights on through power outages, providing peace of mind during hurricane season, and saving them more money and reducing high electric bills with these clean energy solutions.”
After Hurricane Fiona in October 2022, President Biden visited the island and committed to leveraging the technical support of Federal agencies to support improvements to Puerto Rico’s electric grid. Consequently, in December 2022, he signed the FY 2023 Consolidated Appropriations Act into law, which included $1 B for the establishment of the PR-ERF to drive key investments in renewable and resilient energy infrastructure in Puerto Rico.
Source: T&D World
#energy resilience#funding#President Joe Biden#Puerto Rico#Renewables#US Department of Energy#USA