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DOE’s new grid-supporting grants will accelerate energy transition and unlock private investment

Posted by Adam Winer on Oct 18, 2023
The U.S. Department of Energy’s GRIP Program shows the importance of building new transmission, says Advanced Energy United’s Harrison Godfrey

WASHINGTON – Today, national business group Advanced Energy United (United) celebrates the awarding of $3.5 billion for 58 grid-improving projects as part of the Grid Resilience and Innovation Partnerships (GRIP) Program from the U.S. Department of Energy’s (DOE) Grid Deployment Office. The funding is designed to support technologies and services that improve grid flexibility, generate at least 30 GW of clean energy, and improve the resilience of the power system against the growing threats of extreme weather and climate change.

"We're thrilled to see today's GRIP grant announcement, a clear example of the bipartisan infrastructure law at work,” said Harrison Godfrey, Managing Director at Advanced Energy United. “The best use of public funds is to leverage it to unlock private sector investment and create new, good jobs across America.” 

DOE anticipates the GRIP program will lead to $8 billion in combined public and private investment across 44 states. 

This announcement shows how important building new transmission is to making the transition to a 100% clean energy grid across the country,” added Godfrey. “The projects financed by this one announcement, alone, will increase the amount of renewable energy on the US grid by 10%. That's incredible! We need more investments like this to continue and accelerate this progress.

United and its member companies look forward to continuing to work with DOE, as well as state and local leaders, to leverage dollars from the infrastructure law and the Inflation Reduction Act to streamline permitting and get more clean infrastructure built. 

Click here to learn more about Advanced Energy United's work supporting the buildout of electric transmission.

Topics: Federal Policy, Press Releases, Transmission