THIS QUARTER’S TREND: Rollout of funding initiatives to support grid investment.

During the last quarter, several key funding programs available under the U.S. Infrastructure Investment and Jobs Act reached the decision stage. Record levels of funding were announced either to individual applicants or to states, tribes, and territories to support infrastructure investment, including clean energy initiatives, grid modernization, and initiatives to prevent outages and improve grid resilience. In addition, where required, many states launched their own processes to target the provision of funding to where it is most needed. This is not the end of the process. For many of the mechanisms, the funding announced this quarter concludes the first round of funding, with subsequent rounds expected over the next few years.

The U.S. is not alone in focusing federal funding on the grid. The European Union Green Deal and Powering Australia plans mobilize significant investments in the grid over the next decade. Taken together, this represents a clear recognition of the importance of grid investment to support the present and future energy needs of customers.

United States

The U.S. Department of Energy announced the provision of $3.5 billion in federal funding to 58 projects across 44 states to strengthen electric grid reliability and resilience...

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In October, the Australian Energy Regulator published its annual “State of the energy market 2023” report...

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The Ontario Energy Board has launched a consultation on how benefit-cost analysis (BCA) can used for weighing energy system benefits against solution costs...

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Great Britain

British energy regulator Ofgem issued a decision on the design of the future rate-case framework to be applied to electricity transmission and gas networks...

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In October, the Council of the European Union announced final text on the future regulation of fluorinated greenhouse gases...

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