DOE puts significant money behind transmission projects in new initiative.
- Jan 17, 2022 11:02 pm GMT
The U.S. Department of Energy has announced a more than $20 billion infusion into modernizing the country's grid, most of it going toward transmission projects.
The Building a Better Grid Initiative will be $20 billion toward transmission, $3 billion of which will come from a smart grid grant fund and $2.5 billion from the federal infrastructure bill. Another $10 billion will be put toward preventing power outages and maintaining power infrastructure.
According to the DOE, the country needs to expand electricity transmission systems by 60% by 2030, and may need to triple it by 2050 in order to reach President Joe Biden's ambitious climate goals. More than 70% of existing transmission infrastructure and power transformers are over 25 years old, which makes them vulnerable to failure as the power industry modernized how it creates and moves electricity.
A key part to the initiative, besides the influx of federal dollars, is a streamlining of transmission siting and permitting, which has long been cited as among the largest obstacles facing a modern transmission system.
No discussions yet. Start a discussion below.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.