Bureau or Account: Electricity

Funding amount: $3,000,000,000

Period of Availability: $600,000,000 appropriated annually for fiscal years 2022 through 2026 (to remain available until expended)

Funding Mechanism: Grant

New Program: Yes

Recipients: Utilities

Description: Funding and expansion of eligible activities under the Smart Grid Investment Matching Grant Program established under section 1306 of the Energy Independence and Security Act of 2007.

Eligible Uses: Qualifying Smart Grid investments including for installation, that allow buildings to engage in demand flexibility or Smart Grid functions. Eligible investments include metering, control, and other devices, sensors, and software; communications and broadband technologies to support smart grid deployment; technologies and programs to integrate electric vehicles to the grid; devices and software for buildings support demand flexibility and other smart grid functions; operational fiber and wireless broadband communications networks enabling data sharing between distribution system components; and Advanced transmission technologies, including dynamic line rating, flow control devices, advanced conductors, and network topology optimization, to increase the operational transfer capacity transmission networks

Next Milestone: Applications for the Smart Grid program are expected to be open by the end of 2022.