Grid Resilience and Innovation Partnerships Program Boosts US Power Infrastructure (U.S. Department of Energy)

Grid Resilience and Innovation Partnerships Program Boosts US Power Infrastructure

Wednesday, August 7th, 2024 Catastrophe Legislation & Regulation Property Technology

The U.S. Department of Energy (DOE) has launched the Grid Resilience and Innovation Partnerships (GRIP) Program to strengthen the power grid’s resilience and flexibility. Under the Bipartisan Infrastructure Law, GRIP is administering $10.5 billion to support projects enhancing grid reliability, particularly against extreme weather and climate threats. On August 6, 2024, DOE announced a $2.2 billion investment for eight projects across 18 states, focusing on innovative solutions to improve grid capacity and reduce costs for communities.

In October 2023, the DOE had already allocated $3.46 billion for 58 projects across 44 states to enhance grid resilience. The GRIP Program utilizes three main funding mechanisms: Grid Resilience Utility and Industry Grants ($2.5 billion), Smart Grid Grants ($3 billion), and Grid Innovation Program ($5 billion). These initiatives aim to modernize the electric grid, integrate renewable energy, prevent faults, and facilitate innovative approaches to infrastructure, ensuring reliable, clean electricity for all American communities.

The GRIP Program is expected to significantly boost the nation’s power infrastructure, providing comprehensive solutions to mitigate multiple hazards and foster the adoption of advanced technologies and innovative partnerships. The second round of funding opportunities will be announced later this year, continuing the efforts to secure the grid’s future.


External References & Further Reading
https://www.energy.gov/gdo/grid-resilience-and-innovation-partnerships-grip-program

TSI AdjustersCLMMid-America Catastrophe ServicesNationwide OverspraySupportive Insurance Services

  Recent Provider Listings

Serving Louisiana Statewide - CLM Member
Louisiana Attorneys & Law Firms
Serving North America
National Appraisers Heavy Equipment Emergency Disaster Response Services Salvage
Serving Rhode Island Statewide - CLM Member
Rhode Island Attorneys & Law Firms