Forecasting
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GRIP Program Overview
Launched by the DOE, the GRIP Program focuses on strengthening the resilience and innovation capacity of America’s power grid. The program’s primary goal is to enhance grid resilience and reduce the impact of natural disasters, cyber threats and other disruptions. By requiring collaboration among industry stakeholders including utilities, government agencies, states, etc., the program aims to ensure a reliable energy supply for communities across the nation. To date, GRIP has allocated $5.7 billion in funding across 65 projects through its first two rounds. The newly selected projects are expected to add approximately 13 gigawatts of grid capacity, enabling more clean energy to reach consumers nationwide.
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In addition to a focus on resilience, GRIP funding promotes innovation within the energy sector. It provides financial support for developing and deploying cutting-edge technologies that optimize grid operations, improve energy efficiency and integrate renewable energy sources. These efforts are crucial for the modernization of America’s energy infrastructure. The GRIP program is divided into three funding mechanisms: