WASHINGTON, D.C. -- The U.S. Department of Energy announced $25 million in funding for 10 projects as part of the Performance-based Energy Resource Feedback, Optimization, and Risk Management (PERFORM) program.

These projects will work to develop innovative management systems that represent the relative delivery risk of each asset, like wind farms or power plants, and balance the collective risk of all assets across the grid, DOE said in the press release.

"Our grid is a crucial asset in supplying reliable power to millions of Americans across the nation." said Advanced Research Projects Agency-Energy Director Lane Genatowski.

"These PERFORM teams will develop the tools to further optimize renewable resources into the grid, improving reliability, reducing energy imports, and further strengthening a pathway to sustainable energy independence."

Source: DOE