US DOE announces USD 5.25 bn funding for 31 power grid projects across 26 states
New Delhi, Sept. 25 -- The US Department of Energy (US DOE) has announced to support 31 power grid improvement projects across 26 states with a combined USD 5.25 billion in federal and recipient funding, as per an official statement by the department.
The projects will receive USD 1.9 billion in federal funding from the DOE, along with USD 3.35 billion in cost-share funding from recipients, to strengthen grid reliability and reduce electricity costs for nearly "100 million Americans," the department said.
"Project recipients are expected to reconductor or rebuild more than 1,500 miles of transmission lines and deploy Grid-Enhancing Technologies (GETs) across nearly 21,000 miles," the department said in an X post highlighting, these upgr...
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