Biden Administration Launches $2.5 Billion Fund to Modernize and Expand Power Grid
Part of the Building a Better Grid Initiative, the U.S. DOT launched a $2.5 billion Transmission Facility Program. This program is to help build critical transmission lines throughout the country.
According to the DOT, “Expanding and strengthening our power grid means we can get Americans power where and when they need it most, and in so doing deploy the clean energy we need to reach our climate goals and ultimately bring down energy costs,” said U.S. Secretary of Energy Jennifer M. Granholm. “With nearly 70% of the nation’s grid more than 25 years old, the President’s Bipartisan Infrastructure Law is a pivotal catalyst for transmission projects across the nation that will deliver good-paying jobs in the process.”