Enhancing and Hardening the U.S. Power Grid
WASHINGTON, D.C - U.S. Department of Energy is enhancing and hardening the U.S. power grid
According to the U.S. Department of Energy (DOE), nearly 70% of the nation's grid is more than 25 years old. The DOE says the U.S. needs to expand electricity transmission systems by 60% by 2030--and may need to triple current capacity by 2050--to accommodate the country's growing renewable energy sector and meet increasing power demand for electric vehicles (EVs) and electric home heating.
According to the company, on Nov. 18, the Biden administration, through the DOE, announced $13 billion in new financing opportunities for the expansion and modernization of the nation's electric grid. Funded by the Bipartisan Infrastructure Law, the Grid Resilience Innovative Partnership Program and the Transmission Facilitation Program together represent the largest single direct federal investment in critical transmission and distribution infrastructure ever.
"We are moving swiftly to deliver cleaner, cheaper energy to every American community by building a modern and reliable electric grid," Said Jennnifer M. Granholm U.S. Secretary of Energy
Source: POWER
