Biden administration announces more than $2 billion in grants to boost US power grid
Biden administration announces more than $2 billion in grants to boost US power grid
The grid is overburdened, under-resourced — and vital to the energy transition. New federal funding aims to increase capacity and get more clean energy built.
Tldr "Though the new projects take on a variety of flavors, they are all ultimately chasing after a singular goal: bolstering a power grid that is central to the effort to stop using fossil fuels."
And in compensation for the investment, the federal government will get a share of the profits made from that electricity, right?
The compensation is access to electricity. And this project is specifically tied to greener sources of energy.
Like the access rural Americans got from billions of dollars in federal investment in telecoms?
Texas: Nah we good
Compare this to the 3.5B grant to.bomb Gaza