US DOE allocates $474m for grid resilience for fiscal year 2024
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 through DOE’s Grid Deployment Office, is part of a broader $2.3 billion initiative over five years. So far, nearly $1.3 billion has been awarded since FY22, with previous allocations of $815 million distributed in FY22 and FY23. Funds are allocated based on factors such as population, land area, and vulnerability to disruptive events, supporting states and tribes to prioritize community-focused, clean energy projects.
The program aligns with the Justice40 Initiative, aiming for 40% of benefits from federal clean energy investments to reach disadvantaged communities. The DOE plans to announce FY25 funding in the second quarter of FY25.
Additionally, the DOE unveiled $2 billion in funding in October 2024 for 38 projects to boost grid transmission and protection against extreme weather.