US Energy Department to invest nearly $1 billion for new power grid upgrades
XLU•The US Department of Energy said it would provide roughly $967 million in additional funding to modernize energy infrastructure and help lower electricity costs.
1. Funding for grid upgrades
The Department of Energy said the funding will go through its Grid Resilience State and Tribal Formula Grant program. It will support infrastructure projects by states, territories and tribes aimed at ensuring more affordable and dependable power.
