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The US Department of Energy has announced the distribution of $473.6 million in Grid Resilience State and Tribal Formula Grants to enhance the electric grid's resilience against extreme weather events. This funding, part of the Bipartisan Infrastructure Law, aims to modernize the grid and ensure reliable, clean electricity across 49 states, 5 territories, and 254 Tribal Nations. Since FY 2022, a total of $1.3 billion has been allocated, with plans to distribute $2.3 billion over five years to support diverse projects that benefit communities.
The Biden-Harris administration has announced a $162.4 million loan guarantee to LongPath Technologies for a real-time methane emissions monitoring network, deploying over 1,000 remote monitoring towers across major oil and gas regions. This initiative aims to significantly reduce methane emissions, equivalent to removing 1.3 million gasoline-powered vehicles from the road, while creating hundreds of jobs and strengthening domestic supply chains. The project is part of broader efforts under the U.S. Methane Emissions Reduction Action Plan, which includes over 100 actions taken in 2023 to combat climate change.
The Biden-Harris administration is allocating nearly $2 billion for 38 projects aimed at enhancing the U.S. power grid's resilience against extreme weather, while also boosting the economy. This funding, part of the Grid Resilience and Innovation Partnerships (GRIP) program, will increase grid capacity by over 7.5 gigawatts and support nearly 6,000 jobs. Overall, the GRIP program has announced $7.6 billion in federal funding for 104 projects, expected to enable 55 gigawatts of grid capacity, enough to power over 40 million homes annually.
Jennifer M. Granholm
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
US Department of Energy allocates 474 million for grid resilience improvements
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05:55 26.10.2024
biden administration invests in methane emissions monitoring to combat climate change
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John Hickenlooper
04:15 25.10.2024
biden administration allocates two billion dollars to enhance us power grid
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05:59 23.10.2024
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