US ANNOUNCES $3.5 BILLION TO BOLSTER POWER GRID AND DEPLOY CLEAN ENERGY

President Joe Biden's administration on Wednesday announced $3.5 billion funding for projects to protect the aging U.S. power grid from extreme weather and fires and to connect transmission systems with more electricity from renewable energy sources.

The funding for 58 projects across 44 states comes from the bipartisan infrastructure law Biden signed in 2021, Energy Secretary Jennifer Granholm said, and is the largest-ever direct investment in the grid.

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