Biden-Harris Administration Announces $13 Billion To Modernize And Expand America’s Power Grid
NOVEMBER 18, 2022
The Biden-Harris Administration, through the U.S. Department of Energy (DOE) today announced $13 billion in new financing opportunities for the expansion and modernization of the nation’s electric grid. Funded by the President’s Bipartisan Infrastructure Law, the Grid Resilience Innovative Partnership (GRIP) program and the Transmission Facilitation Program together represent the largest single direct federal investment in critical transmission and distribution infrastructure and one of the first down payments on an over $20 billion investment under the Administration’s Building a Better Grid Initiative. These federal investments will unlock billions of dollars of state and private sector capital to build transformative projects that increase the reliability of the power grid and modernize it so that more American communities and businesses have access to affordable, reliable, clean electricity – helping deliver on the President’s goal of 100% clean electricity by 2035.
