The funds: The DOE is offering up to $50M for projects that refurbish and reuse existing grid equipment, and another $187M for ones that rely on US-produced materials. This marks the first tranche distributed through the department’s $375M Grid Supply Chain Program.
The payback: This initiative will deliver around $125M in annual utility savings, according to the DOE.
The pattern: Last week, the DOE announced that it’s loaning a total $10B to Alliant Energy and Constellation to boost capacity in MISO and PJM.
Sun, Nov 1
Molly Glick
Energy Central Team
NEWS: The DOE’s spending streak continues: The agency is doling out >$230M to beef up the grid supply chain. 💵
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