The move is part of President Biden’s goal of providing 100% clean electricity by 2035. Credit: Yuan Yang / Unsplash.

The US Department of Energy (DOE) has announced $13bn of financing to support the upgrade and expansion of the US’ electric grid.

The funding will be offered under President Joe Biden’s Bipartisan Infrastructure Law, as well as the Grid Resilience Innovative Partnership (GRIP) Programme and the Transmission Facilitation Programme.

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It is said to be the largest single direct federal investment in the critical transmission and distribution infrastructure.

With this funding, the US Government aims to build transformative projects to increase the reliability of the power grids.

The move is part of President Biden’s goal of generating 100% clean electricity by 2035 and aims to ensure access to ‘affordable, reliable, clean’ electricity for more communities and businesses.

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DOE said that applications are now open for states, tribes and utilities to receive funding, with the submission deadline for the first phase set for 1 February 2023.

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US Energy Secretary Jennifer Granholm said: “We are moving swiftly to deliver cleaner, cheaper energy to every American community by building a modern and reliable electric grid.

“With nearly 70% of the nation’s grid more than 25 years old, the President’s agenda is making historic investments that will strengthen the nation’s transmission grid to drive down energy costs, generate good-paying jobs, and help keep the lights on during extreme weather events.”

The Bipartisan Infrastructure Law provides $10.5bn across three programmes that make up the GRIP wider programme.

These initiatives aim to enhance grid flexibility and improve the resilience of the national power system.

The GRIP programme scope covers grid resilience utility and industry grants, for which $2.5bn has been allocated.

A further $3bn of grants has been allocated for smart grids, while $5bn has been earmarked for grid innovation programme.

The first round of the announced funding for GRIP is $3.8bn for the fiscal years 2022 and 2023.