Advancing Grid-Enhancing Technologies: New Incentives and Reporting
This act aims to improve the US power grid by encouraging investments in new technologies. Companies investing in grid enhancements can expect a portion of the savings to be returned to them. Additionally, the act mandates reporting on grid issues, which should help in better management and potentially lower costs for consumers.
Key points
Companies investing in grid-enhancing technologies (e.g., improving efficiency) will receive a return of 10% to 25% of generated savings over 3 years, provided these savings are at least 4 times the investment cost.
Power grid operators will be required to annually report on costs related to grid congestion, and this data will be publicly available, increasing transparency and helping identify areas for improvement.
A guide and technical assistance will be established for companies looking to implement grid-enhancing technologies, facilitating their adoption and accelerating the modernization of energy infrastructure.
Introduced
Additional Information
Print number: 119_S_1327
Sponsor: Sen. Welch, Peter [D-VT]
Process start date: 2025-04-08