On Tuesday, May 10th, the U.S. Energy Department announced a $2.5 billion revolving fund to support construction of major electric power lines and other high-voltage long distance transmission. The funding, included in the Bipartisan Infrastructure Law, is part of a broader $20 billion push by the Administration to improve the U.S. power grid and build or upgrade major transmission lines seen as critical for achieving its 100% clean energy goal by 2035. This move features increased collaboration with states, streamlining federal permitting, and a new planning effort to identify high-priority transmission projects.
