National Grid Gets Investment in Clean Energy Project From DOE
30 Ottobre 2023 - 7:33PM
Dow Jones News
By Ben Glickman
National Grid has secured an investment from the U.S. Department
of Energy for Twin States Clean Energy Link, its clean-energy
transmission project in New England.
The utility company said that the financial backing comes from a
$2.5 billion revolving fund created by the Bipartisan
Infrastructure Law.
The Twin States project will allow for the delivery of clean
energy from Canada to New England. National Grid says the project
will also allow New England-produced clean energy to flow to Canada
in times of low demand, and will lower costs for customers.
The investment is part of the DOE's Transmission Facilitation
Program, under which the agency is negotiating capacity contracts
with three transmission projects and commit to purchasing a portion
of the total capacity.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
October 30, 2023 14:18 ET (18:18 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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