Power grid upgrades
In line with President Biden's commitment to modernize the national power grid and infrastructure, the Department of Energy announced the availability of USD 5 billion and USD 3.25 billion in loans, from its Loan Programs Office (LPO) and Western Area Power Administration's (WAPA) Transmission Infrastructure Program (TIP) respectively.
This project will improve resilience and expand transmission capacity across the grid, as it prepares for a higher share of variable electricity generation from renewables.
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