Massive Investments in US Electric Grid: Biden Administration and Energy Department Lead the Way

The Biden administration has announced a $3.46 billion investment in upgrading the US electric grid, the largest investment to date in the grid. The funding will support 58 projects across 44 states, aiming to prevent blackouts and bring more clean energy online. The projects are expected to leverage $8 billion in federal and private investments, helping to add over 35 gigawatts of renewable energy and 400 microgrids. The funding prioritizes marginalized communities and aims to create good-paying union jobs. This investment is part of a larger effort to strengthen power grids globally, as governments and utilities need to replace or add the equivalent of all the world's power grids by 2040.