National Grid Gets $50 Million Grant From U.S. Energy Department
20 October 2023 - 5:26AM
Dow Jones News
By Chris Wack
National Grid was awarded a $50 million grant from the U.S.
Department of Energy for a project to improve electric-system
reliability and resilience.
The company said the project, which will deploy digital
technology to optimize the use of distributed energy resources, is
expected to lead to greater development and adoption of
decarbonized resources, such as solar and energy storage.
The DOE announced the awards on Wednesday. National Grid's
proposal, called the Future Grid Project, was chosen from among
more than 100 proposals submitted by utilities, industry, academia,
and state entities from across the U.S.
The total cost for the Future Grid project is about $140
million. The federal funds will supplement a $90 million investment
by National Grid.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
October 19, 2023 14:11 ET (18:11 GMT)
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