tiprankstipranks
National Grid awarded $50M grant for U.S. DOE
The Fly

National Grid awarded $50M grant for U.S. DOE

National Grid has been awarded a $50M grant from the U.S. Department of Energy for a project that will deploy digital technology to optimize the use of distributed energy resources to improve electric system reliability and resilience. The project is ultimately expected to lead to greater development and adoption of decarbonized resources, such as solar and energy storage. National Grid’s proposal, called the Future Grid Project, was chosen from among more than 100 proposals submitted by utilities, industry, academia, and state entities from across the country. This federal funding opportunity is part of the Infrastructure Investment and Jobs Act enacted in 2021 under the Grid Resilience and Innovative Partnerships Program. The total cost for the Future Grid project is about $140M. The federal funds will supplement a $90M investment by National Grid.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on NGG:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles