NRECA: 52 Co-ops Chosen to Pursue $650M in DOE Grid Reliability Grants
31 Oct 2023
The U.S. Department of Energy has selected dozens of electric cooperatives to pursue contracts worth about $650 million from its $10.5 billion Grid Resilience and Innovation Partnerships Program.
On Oct. 18, DOE announced the first round of potential GRIP grants totaling $3.5 billion for 58 grid projects in 44 states. Selected applicants, chosen through a competitive process, must now negotiate with DOE on the precise terms of their awards.
Among other requirements, GRIP recipients must match a portion of the federal cost and ensure the projects create high-quality local jobs that benefit economically challenged communities and cause minimal environmental impact.