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Tag: $1.5B

$1.5B Federal Boost for Four Major Transmission Projects as DOE Unveils National Grid Study

October 4, 2024
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The Department of Energy (DOE) has awarded capacity contracts of up to $ 1.5 billion to four major transmission lines under its Transmission Facilitation Program (TFP) to aid the transfer of 7.1 […]

The post $ 1.5B Federal Boost for Four Major Transmission Projects as DOE Unveils National Grid Study appeared first on POWER Magazine.

The National Transmission Planning Study highlights the significant benefits of High-Voltage Direct Current (HVDC) technology in transmission expansion. It finds that HVDC offers greater control, modular designs, and efficiency in transmitting electricity over long distances. HVDC technology plays a crucial role in large-scale interregional transmission, particularly in the central U.S., and is key to achieving substantial cost savings and system reliability. The study emphasizes that HVDC's advanced multiterminal converters and transmission capabilities provide the most substantial benefits to consumers by enhancing grid resilience and supporting renewable energy integration. Image courtesy: Hitachi Energy

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