Press release
ComEd Customers to Benefit from $50M DOE Grant to Increase Power Grid Reliability and Resiliency in Rockford
Competitive DOE grant will help local customers benefit from the next generation of smart grid technologies, support the equitable expansion of solar and
About this update from Exelon Corporation
[{"type":"text","content":"\nCompetitive DOE grant will help local customers benefit from the next generation of smart grid technologies, support the equitable expansion of solar and EVs, and create new job training programs\n\n\n CHICAGO--(BUSINESS WIRE)--\nFollowing a competitive process, the U.S. Department of Energy (DOE) selected ComEd to receive $50 million in federal funding to enhance the power grid’s ability to deliver affordable, clean energy to Illinois communities. The funds will enable ComEd and its local partners to deploy the next generation of grid technologies that support the growth of solar and electric vehicles (EVs), while piloting new local workforce training initiatives to support job creation connected to the clean energy transition. These initiatives will bring a focus to technologies that enhance reliability and affordable access for customers, while informing grid best practices that can be replicated both nationally and locally in northern Illinois.\n\n\n“Extreme weather events fueled by climate change will continue to strain the nation’s aging transmission systems, but President Biden’s Investing in America agenda will ensure America’s power grid can provide reliable, affordable power,” said U.S. Secretary of Energy Jennifer M. Granholm. “Today’s announcement represents the largest-ever direct investment in critical grid infrastructure, supporting projects that will harden systems, improve energy reliability and affordability—all while generating union jobs for highly skilled workers.”\n\n\nThe funds are part of the Grid Resilience and Innovation Partnerships (GRIP) Program, which seeks to enhance grid flexibility and improve the resilience of the power system against growing threats of extreme weather and climate change. Funded through the Bipartisan Infrastructure Law and administered by the DOE, the GRIP program leverages federal and private investments to ensure that communities across the nation have a reliable grid that's prepared for extreme weather while also delivering affordable, clean energy and creating robust local opportunities for economic investment and jobs.\n\n\n“The clean energy transition is underway in Illinois, and ComEd is committed to advancing innovative solutions to create the grid of the future, while creating equitable economic opportunities for the communities we serve,” said Gil C. Quiniones, CEO ...