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US Department of Energy allocates $967 million to modernize the power grid

FinanceInternationalInspenet35 s readAI summary
Image: Inspenet

The US Department of Energy confirmed an additional allocation of about $967 million to accelerate the modernization of transmission and distribution infrastructure across the country. The funds will be distributed through the Grid Resilience State and Tribal Formula Grant program to states, territories and tribal administrations, which will manage projects such as replacing substation components, reinforcing overhead lines and real-time monitoring of the most congested nodes.

In 35 seconds

  • The DOE awards about $967 million to modernize transmission and distribution in the US.
  • The funds are channeled through the Grid Resilience State and Tribal Formula Grant program to states, territories and tribal administrations.
  • Projects include replacing substation components, reinforcing overhead lines and real-time monitoring.
Read the full story at Inspenet

IASummary generated by artificial intelligence from a story by Inspenet. It may contain errors: the original source prevails.

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