Biden administration announces ‘largest ever’ investment in US electric grid
The Biden administration announced $3.46 billion in funding today to upgrade the US’s aging electric grid, the largest investment to date in the grid. The money, which comes from the Bipartisan Infrastructure Law, will go to 58 different projects across 44 states.
Stressed power grids need the money badly, both to prevent blackouts and bring more clean energy online. Weather disasters supercharged by climate change have already led to more power outages in the US. And President Biden has a goal of creating a 100 percent carbon pollution-free power sector by 2035, which will help the US keep commitments it made under the Paris climate agreement.
“Much of [the grid] was built nearly a century ago...