
"The Department of Energy said Thursday that it had finalized a $1.6 billion loan guarantee to upgrade around 5,000 miles of transmission lines. The grid upgrades would ease the flow of electricity in Indiana, Michigan, Ohio, Oklahoma, and West Virginia. The project, which will address lines owned by American Electric Power, won't add any new routes, but it will help existing ones carry more power."
"But the largest transmission project the Trump administration wants to axe is a $630 million grant to modernize California's grid. In many ways, it's similar to the AEP project, looking to wring more out of the existing grid to ease congestion. As planned, the California project would test advanced conductors and dynamic line rating devices, both of which would allow old rights-of-way to carry more electricity. That's frequently a cheaper option than building new power lines."
The Department of Energy finalized a $1.6 billion loan guarantee to upgrade about 5,000 miles of American Electric Power transmission lines across Indiana, Michigan, Ohio, Oklahoma and West Virginia. The upgrades will increase capacity on existing routes without creating new corridors, allowing the grid to carry more electricity. The upgraded miles represent roughly 13% of AEP's network. The loan guarantee reduces AEP's borrowing costs and will save the company at least $275 million. The approval occurred days before the presidential transition, while other similar federal grants and projects face potential cancellation under the incoming administration.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]