The Aging U.S. Power Grid Is About to Get a Jolt -- WSJ

Dow Jones06-06

Algonquin Power won a grant to install devices that redeploy power when lines are overloaded in Illinois. "The Aging U.S. Power Grid Is About to Get a Jolt," at 9:00 a.m. ET, incorrectly said the project was in New York.

(END) Dow Jones Newswires

June 06, 2024 11:18 ET (15:18 GMT)

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The upgrades are far cheaper and faster than big transmission projects, which are often plagued by red tape and can take years to build.In New York, Algonquin Power won a $42.9 million grant to install devices that automatically redeploy power when lines are overloaded. Virginia's Dominion Energy won $33.7 million for a project that includes devices that will let it adjust power distribution in response to changing conditions on the grid. The funds are part of a $3.5 billion program for grid-boosting projects the Energy Department rolled out in October.Another relatively cheap and quick way to boost capacity: replace existing power lines with high-performance wires. 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