The U.S. Department of Energy (DOE) is issuing a $2 billion tranche of funding for 38 projects across 42 states in the second round of federal incentives designed to buttress the nation’s electric grid resiliency and expand its capacity to generate the power needed to meet increasing demand.
The outlay is from DOE’s $10.5 billion Grid Resilience and Innovation Partnerships (GRIP) Program established under 2021’s $1.2 trillion Infrastructure Investment & Jobs Act, or Bipartisan Infrastructure Law.
The $2 billion in GRIP funding follows the October 2023 release of $3.46 billion for 58 projects across 44 states to “bolster grid resilience and reliability in the face of extreme weather and increased electricity demand,” DOE said in an Oct. 17 announcement….