The Department of Energy (DOE) has announced support for funding 84 transmission and distribution projects in eight states, with the aim of improving grid reliability and lowering electricity costs for Americans.
The department will support the Tennessee Valley Authority (TVA), the largest public power provider in the United States, in funding these projects, which will add roughly 2.5 gigawatts of new grid capacity and help minimize power outages, the DOE said in an Oct. 13 statement.
In total, around $581 million will be awarded. The investments are expected to help 2.58 million families and businesses get reliable, secure, and affordable electricity, and support roughly 800 jobs, the DOE said. …