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US DOE allocates $474m for grid resilience for fiscal year 2024

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The US Department of Energy (DOE) has allocated $474 million in grid resilience funding for fiscal year 2024 (FY24) to enhance the power grid’s resilience across 49 states, five territories, 254 tribal nations, and the District of Columbia.  Supported by the Bipartisan Infrastructure Law, the funding aims to strengthen power grids against extreme weather events intensified by climate change, as part of the Biden-Harris Administration’s commitment to reliable, clean, and affordable electricity. This funding, administered…

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US DOE allocates $2 billion for 38 projects to enhance power grid resilience

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The US Department of Energy (DOE) has announced nearly $2 billion in funding for 38 projects under the Grid Resilience and Innovation Partnerships (GRIP) program.  The initiative aims to upgrade transmission and distribution infrastructure, introducing advanced technologies to support over 7.5 GW of grid capacity.  These efforts are expected to accelerate the integration of clean energy projects, create around 6,000 jobs, and leverage over $4.2 billion in public and private investment, ensuring reliable and clean…

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US commits $900 million for Gen III+ SMR technologies

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The US Department of Energy (DOE) has committed $900 million to advance the development and deployment of Generation III+ small modular reactor (SMR) technologies. This funding, part of the Consolidated Appropriations Act of 2024 and President Biden’s Bipartisan Infrastructure Law, is aimed at accelerating the domestic nuclear industry and supporting national climate goals. The funding is divided into two categories. Tier 1, managed by the Office of Clean Energy Demonstrations (OCED), allocates up to $800…

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US DOE allocates over $3 billion for battery manufacturing projects across 14 states

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The US Department of Energy (DOE) has allocated more than $3 billion to fund 25 projects aimed at enhancing battery manufacturing capabilities across 14 states. These projects are part of the Biden-Harris Administration’s Investing in America initiative and are designed to increase domestic battery material production, align with EV tax credit rules, and reduce reliance on China. The investment, managed by the Office of Manufacturing and Energy Supply Chains (MESC), will generate over 8,000 construction…

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US DOE finalizes $72.8 million loan guarantee for microgrid in California

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The US Department of Energy (DOE) has approved a $72.8 million loan guarantee to develop a solar-plus-storage microgrid on the Viejas Tribe’s reservation near Alpine, California. The project, supported by the California Energy Commission, US Bancorp Impact Finance, and Starbucks, will feature a 15 MW solar system and a 70 MWh long-duration battery. The Viejas Band of Kumeyaay Indians will secure electricity through a long-term power purchase agreement (PPA) with the project company, reducing energy…