Power Grid

19 Apr 2024

California Power Companies, Agencies Apply for $2 Bln Federal Grant for Grid Upgrades

19 Apr 2024  by reuters   

A local resident walks by the power grid towers at Bair Island State Marine Park in Redwood City, California, United States, January 26, 2022. REUTERS/Carlos Barria/File Photo Purchase Licensing Rights
California's power companies PG&E (PCG.N), opens new tab, Edison International (EIX.N), opens new tab along with state energy agencies said on Thursday they have applied for $2 billion federal grant to increase grid capacity and deliver renewable energy.

The grant applied to the U.S. Department of Energy (DOE) if approved would be used to increase statewide transmission capacity, streamline the process of connecting renewable energy projects to the grid and boost supply while lowering costs.

The DOE's Grid Resilience and Innovation Partnerships (GRIP) Program is administering $10.5 billion in grants to enhance country's grid flexibility and resilience against growing threats of extreme weather and climate change.


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