The U.S. Department of Energy (DOE) revealed that 66 hydro facilities across the nation will be granted over $38 million in incentive payments for their electricity generation and sales.
According to a press release, the Grid Deployment Office of the DOE is in charge of these incentives. These incentives are a part of a $750 million program funded by the Bipartisan Infrastructure Law and designed to improve the stability of the U.S. hydropower sector as well as the reliability and resilience of the electric grid system. The program was funded by the Bipartisan Infrastructure Law.
The incentive payments are intended to support the production and sale of power from a range of hydro assets, such as dams and water infrastructure, in order to address the needs of areas that do not have enough electrical services. According to a news release, these monies constitute the single largest investment made by the Department of Energy in the hydroelectric infrastructure.
The United States Secretary of Energy, Jennifer M. Granholm, was quoted as saying in a news release that "Hydropower is one of the nation's original sources of renewable energy," and that "President Biden's Investing in America agenda is providing transformative funding to help protect this existing clean energy infrastructure." According to the statement that was published today, "good-paying jobs will be maintained and expanded," and "more affordable, clean power will be made available to areas that need it the most."
The purpose of the Grid Deployment Office, often known as the GDO, is to enhance the generation and transmission of power in order to ensure that all people have access to it. According to the information provided on their website, GDO is actively striving to improve the stability of essential power facilities such as nuclear and hydroelectric plants as well as boost the capacity of high-capacity transmission networks that are spread across the United States.
