U.S. Department of Energy Funds Weather-Resistant T&D Projects

October 22, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Department of Energy (DOE) recently announced nearly $2 billion in funds through its Grid Resilience and Innovation Partnerships (GRIP) program to improve transmission and distribution (T&D) capacity across the U.S., in part to protect areas vulnerable to extreme weather. Utilities that serve areas within Arizona, Illinois, Indiana, North Carolina and Texas will benefit from weather-focused funding, while 38 other states will receive support for other projects to boost grid capacity.

Industrial Info already is tracking more than $9.4 billion worth of active and proposed T&D projects in areas set to benefit from the weather-focused funds, more than $2 billion of which is nearing or under construction.

Companies featured: Entergy Corporation (NYSE:ETR), Duke Energy Corporation (NYSE:DUK), Arizona Public Service Company, Pinnacle West Capital Corporation (NYSE:PNW) and Ameren Corporation (NYSE:AEE).