New York Awarded Nearly $24 Million in Federal Funding to Strengthen and Modernize State's Electric Grid
by Rockland Daily Staff
New York has been awarded nearly $24 million in federal funding to strengthen and modernize the State's electric grid to reduce the impacts of extreme weather and natural disasters.
The award, which was announced Monday for funding from the Grid Resilience and Tribal Formula Grant from the U.S. Department of Energy under the federal Bipartisan Infrastructure Law will support New York projects that help ensure the reliability of the State's power sector infrastructure and access to affordable and clean electricity for New Yorkers. The new funding will support New York's goal to transition to 100 percent zero-emission electricity by 2040.
Funding will be utilized for
- Storm Hardening: improving the resilience of the electric grid against disruptive events such as power outages due to storms that impact critical operations;
- Predictive Analytics: development of advanced data and metrics to detect electric system conditions before they become issues to support system reliability and resiliency;
- Climate Justice: reducing carbon emissions to ensure benefits of investments flow to communities that are underserved, marginalized, and overburdened by pollution;
- Energy Affordability: deploying tools and technologies and ensuring optimized utilization of resources and electricity grid assets to reduce total system costs and address the burden of inadequate electricity distribution infrastructure and
- Job Creation: increasing access to NYSERDA's comprehensive workforce development portfolio of services for skilled clean energy workers.
New York is one of nine states and five tribal nations that were awarded a combined total of $125 million as the seventh cohort of Grid Resilience State and Tribal Formula Grants and will provide fifteen percent matching funds through the Regional Greenhouse Gas Initiative as part of DOE's grant requirements.
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