ACORE Statement on Department of Energy Grid Funding Announcement

August 6, 2024

WASHINGTON, D.C. – The U.S. Department of Energy announced the second round of Grid Resilience and Innovation Partnerships (GRIP) Program funding today, which will support eight transmission and innovative technology projects across 18 states. Following is a statement from Ray Long, President and CEO of the American Council on Renewable Energy (ACORE), on the selections:

“We are very pleased to see the Department of Energy making critical investments in America’s transmission system that will benefit our national economy and help ensure a clean, reliable electric grid. The Grid Innovation Program grants issued by the Grid Deployment Office will create over 5,000 high-paying jobs and add approximately 1,000 miles of much-needed transmission to the grid, enabling more low-cost clean energy to power America’s homes and businesses.

“This latest round of federal funding also recognizes the importance of utilizing innovative technologies—such as HVDC, high-performance conductors, and grid-enhancing technologies—to expedite grid upgrades and cost-effectively address transmission constraints. We congratulate the ACORE members included in this round of awards and commend the Administration for investing in projects that benefit underserved communities, keep electricity costs from rising, and improve the reliability of our grid.”

About ACORE:
For over 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s leading voice on the issues most essential to renewable energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

Media Contacts:
Alex Hobson
Sr. Vice President, Communications
American Council on Renewable Energy
hobson@acore.org | 202.830.3592 (o) | 202.594.0706 (c)

Dylan Helms
Associate, Communications
American Council on Renewable Energy
helms@acore.org | 202.935.6491 (o) | 727.290.8804 (c)

The post ACORE Statement on Department of Energy Grid Funding Announcement appeared first on ACORE.

https://acore.org/news/acore-statement-on-department-of-energy-grid-funding-announcement/

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