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DOE Announces $2.2 Billion Investment in the Nation’s Grid to Protect Against Extreme Weather, Lower Costs, and Prepare for Growing Demand

Aug. 6, 2024
Projects funded by the Investing in America agenda will add nearly 13 GW of capacity to support increased manufacturing, data centers, and renewable power while catalyzing nearly $10 billion in public-private investments and creating thousands of jobs.

In support of the Biden Harris Administration’s Investing in America agenda, the U.S. Department of Energy (DOE) announced a $2.2 billion investment in the nation’s grid for eight projects across 18 states to protect against growing threats of extreme weather events, lower costs for communities, and catalyze additional grid capacity to meet load growth stemming from an increase in manufacturing and data centers. Funded by the Bipartisan Infrastructure Law’s Grid Resilience and Innovation Partnerships (GRIP) Program, the projects selected will catalyze nearly $10 billion in total public and private investment to bring reliable, affordable, clean energy to Americans.

This deployment of new, innovative transmission infrastructure and technology upgrades to the existing grid will add nearly 13 gigawatts (GW) of grid capacity—including 4,800 megawatts (MW) of offshore wind—allowing more clean power to reach customers across the country. These projects will create at least 5,000 good-paying jobs and upgrade more than 1,000 miles of transmission in total.

Part of DOE’s Building a Better Grid Initiative and authorized by the Bipartisan Infrastructure Law, the GRIP Program funding represents the federal government’s single largest direct investment into critical grid infrastructure – part of the Biden-Harris Administration’s actions to get grid updates funded, permitting, and deployed across the country. The selections are made through Grid Innovation Program grants, one of three GRIP funding mechanisms, that seek to deploy projects that use innovative approaches to transmission, storage, and distribution infrastructure to enhance grid resilience and reliability.

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