An aircraft takes off from Los Angeles International Airport behind electric power lines in El Segundo, Calif., on Aug. 31, 2022. Patrick T. Fallon/AFP via Getty Images
The Department of Energy (DOE) has announced a $1.9 billion funding opportunity for projects aimed at speeding up improvements to the nation’s power grid to meet rising electricity demand while bringing down costs, the department said in a March 12 statement.
The money comes from the $10.5 billion authorized for a five-year grid resilience program under the Infrastructure Investment and Jobs Act of 2021. The funds were to be disbursed to states and electric utilities over five years.
