Biden Administration to Invest $2.2 Billion in Power Grid, Focus on Green Energy

Aug 6, 2024, 10:04 AM

The Biden administration, through the United States Department of Energy, has announced a $2.2 billion investment in the nation's power grid. This initiative aims to protect against extreme weather, lower costs, and prepare for growing demand. The investment will fund eight projects across 18 states, focusing on upgrading more than 1,000 miles of transmission. Additionally, the projects are expected to create at least 5,000 good-paying jobs. A significant portion of the funding will be directed towards green energy initiatives, contributing to the addition of 13 GW of renewable energy capacity.