The U.S. Department of Energy (DOE) established the Grid Resilience and Innovation Partnerships (GRIP) Program through the Bipartisan Infrastructure Law to help fund projects that will modernize the energy grid; guard against the impacts of extreme weather events; unlock more opportunities to integrate clean energy resources; and deploy innovative approaches to transmission, storage, and distribution projects.

In October 2023, DOE issued an initial $3.5-billion tranche of GRIP funds to support 58 projects across 44 states—with more than 25 EEI member companies and their affiliates collectively receiving a federal cost share of more than $1.7 billion for their grid-enhancing initiatives. Then, in August 2024, DOE awarded an additional $2.2 billion for eight more projects across 18 states—six of which involve EEI member companies, with awards of more than $2 billion.

In October 2024, DOE announced an additional round of nearly $2 billion in GRIP funding to be awarded to 38 projects, 12 of which involve EEI member companies. To date, DOE has issued nearly $7.6 billion in funding for 104 projects in all 50 states and the District of Columbia through the GRIP Program.

In a statement after announcing the second round of funding, U.S. Secretary of Energy Jennifer Granholm said the GRIP Program “has provided the largest grid investment in U.S. history helping us add more energy to the grid faster, improve reliability and resilience, and invest in innovative technologies so customers across the country can have access to more renewable energy and pay less for their electricity.”