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New Energy World™
New Energy World™ embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low-carbon technologies.
Biden makes ‘largest ever’ investment in US electric grid projects
25/10/2023
News
President Joe Biden is to invest $3.46bn in 58 clean energy projects across 44 states to strengthen the resilience and reliability of the country’s electric grids – the biggest ever investment in the US electric grid.
Funded by the President’s Bipartisan Infrastructure Law, these projects will leverage more than $8bn in federal and private investments to deliver ‘affordable, clean electricity to all Americans and ensure that communities across the nation have a reliable grid that is prepared for extreme weather worsened by the climate grid,’ according to US Secretary of Energy Jennifer Granholm.
This announcement represents ‘the largest ever direct investment in critical grid infrastructure, supporting projects that will harden systems energy reliability and affordability – while generating jobs for highly skilled workers,’ she said. These projects aim to benefit disadvantaged communities and will bring more than 35 GW of new renewable energy online, investing in 400 microgrids and creating highly skilled jobs.
The Grid Resilience and Innovation Partnerships Programme (GRIP) is managed by the US Department of Energy’s Grid Deployment Office to modernise the electric grid to reduce the impacts of natural disasters and extreme weather worsened by climate change, increasing the flexibility, efficiency and reliability of the electric power system, by unlocking more solar, wind and other clean energy while reducing faults that may lead to wildfires.
This marks the first tranche of selections under the broader $10.4bn GRIP Programme.
