The Biden administration allocated $10.5 billion for the Grid Resilience and Innovation Partnership (GRIP) to improve the U.S. electric grid in 2021.
The funds from the Bipartisan Infrastructure Law, which President Biden signed in 2021, will release its first round of funding of $3.5 billion.
Along with another $4.7 billion from the private sector, the money will go to 58 projects across 44 states and 400 microgrids.
The U.S. electric grid is the largest connected machine in the world. It has 5.7 million miles of transmission and distribution and 55,000 substations.
Most of the transmission lines haven't been changed since before 1970, which means they break down a lot, especially during a weather calamity.
Not to mention the effects of climate change causing an overload during extreme heat and cold weather, which can harm communities as well.
Countries across the globe must add or replace 49.7 million miles of transmission lines by 2040 to meet future climate change challenges.