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US Energy Department to Invest $967 Million in Grid Upgrades

The Department of Energy said it would provide roughly $967 million in additional funding through its Grid Resilience State and Tribal Formula Grant program to modernize energy infrastructure and lower electricity costs.

The US Department of Energy said on Tuesday it would provide roughly 967 million in additional funding through the Grid Resilience State and Tribal Formula Grant program. The investment is intended to modernize critical energy infrastructure and help lower surging electricity costs.