DOE Unveils $1.9 Billion Electric Grid Upgrade Push

Energy Department Announces $1.9 Billion for Projects Strengthening Power Grid

The 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 …

US Department of Energy to invest $1.9 billion for power grid upgrades

March 12 (Reuters) – The U.S. Department of Energy will invest about $1.9 billion to accelerate upgrades ​of power grids in ‌the country, it said on Thursday. U.S. power consumption is set to rise sharply this year and the next, ‌driven ​by rapid growth ⁠in AI and ⁠cryptocurrency data centers and increased electrification of heating and transport. However, that demand has also led ​to higher electricity prices for a large swath of ⁠the country. …

DOE Unveils $1.9 Billion Electric Grid Upgrade Push

The U.S. Department of Energy is launching a $1.9 billion funding effort aimed at rapidly expanding the capacity of the nation’s power grid by upgrading existing transmission lines. This is instead of building entirely new ones. The initiative, called Speed to Power through Accelerated Reconductoring and other Key Advanced Transmission Technology Upgrades—mercifully shortened to SPARK—will fund projects that replace existing transmission wires w…

US DoE announces $1.9bn in funding for grid upgrades - Power Technology

The US DOE has announced the launch of SPARK - a $1.9bn funding opportunity to accelerate upgrades to the nation's power grid.

US Department of Energy to Invest $1.9 Billion for Power Grid Upgrades - Energy News, Top Headlines, Commentaries, Features & Events

March 12 (Reuters) – The U.S. Department of Energy will invest ​about $1.9 billion to accelerate upgrades of ‌power grids in the country, it said on Thursday. U.S. power consumption is set to rise ​sharply this year and the ​next, driven by rapid growth in AI ⁠and cryptocurrency data centers and ​increased electrification of heating ...