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Market
Will power outages during extreme weather decrease in 2025 compared to 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Reports from the U.S. Energy Information Administration or other official energy monitoring agencies
Story
Biden Administration Awards $2 Billion to Strengthen US Power Grid Against Extreme Weather
Oct 18, 2024, 04:33 PM
The Biden administration is awarding nearly $2 billion in funding to strengthen the US power grid against extreme weather and expand transmission projects. This initiative is part of a broader effort to enhance grid resilience and flexibility through the Department of Energy's $10.5 billion Grid Resilience and Innovation Partnerships (GRIP) Program. The funding includes a $31.8 million federal grant awarded to Avangrid's subsidiary to deploy cutting-edge grid technology. This move aligns with President Joe Biden's push to secure major climate initiatives and establish a climate legacy as the election approaches. The projects aim to protect against storms.
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Similar markets
Yes • 50%
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Kyiv • 25%
Kharkiv • 25%
Lviv • 25%
Other • 25%
Yes • 50%
No • 50%
0-5 outages • 25%
6-10 outages • 25%
11-15 outages • 25%
More than 15 outages • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
