Energy Department Announces $1.9 Billion for Projects Strengthening Power Grid

Date:

An aircraft takes off from Los Angeles International Airport behind electric power lines in El Segundo, Calif., on Aug. 31, 2022. Patrick T. Fallon/AFP via Getty ImagesThe Department of Energy (DOE) has announced a $1.9 billion funding opportunity for projects aimed at speeding up improvements to the nation’s power grid to meet rising electricity demand while bringing down costs, the department said in a March 12 statement.The money comes from the $10.5 billion authorized for a five-year grid resilience program under the Infrastructure Investment and Jobs Act of 2021. The funds were to be disbursed to states and electric utilities over five years.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Trump Says US to Pause Iran Strikes as Mideast Allies Reach Outline to End War

President Donald Trump said Aug. 1 that the United...

Sandwich Chain Jersey Mikes Goes Public, Falls 6 Percent in Debut

A Jersey Mike's banner adorns the New York Stock...

How Professionals Trade: Protecting Capital Before Chasing Returns

Commentary“It’s different this time.” Few phrases have cost investors...

Operation Blackout Takes Down 4 of the Largest Scam Compounds on Earth: FBI

The Federal Bureau of Investigation (FBI) announced on July...