OG&E receives $50M in federal grid improvement funds
OG&E announced on Wednesday that the company was selected to receive a $50 million grant from the U.S. Department of Energy to strengthen the Oklahoma electric grid.
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OG&E announced on Wednesday that the company was selected to receive a $50 million grant from the U.S. Department of Energy to strengthen the Oklahoma electric grid.
The Biden administration today announced $3.5 billion for 58 projects across 44 states to strengthen electric grid resilience and reliability. This comes following an announcement in August of $95 million in federal funds from the program to harden the energy grids in Hawaiʻi following Maui’s devastating wildfire.
According to the announcement, Georgia is receiving an estimated investment of more than $507 million.
The Biden administration has allocated $3.5 billion for 58 projects aimed at strengthening the resilience of the electric grid in the face of extreme weather events. Energy Secretary Jennifer Granholm stated that this is the largest federal investment ever made in grid infrastructure. The funding, combined with contributions from private partners, could result in up to $8 billion in total investments nationally.
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