Xcel Energy (XEL) Receives $100M DoE Grant
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Xcel Energy receives $100 million Department of Energy grant to boost wildfire mitigation and grid resiliency
October 18, 2023 4:22 PM EDTMINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy today announced it has been selected for a $100 million award from the U.S. Department of Energy to boost its work to reduce and mitigate the threat of wildfires and ensure the resiliency of the grid through extreme weather.
The funding, provided through the Grid Resilience and Innovation Partnerships program and matched by a $140 million cost share provided by Xcel Energy, will support a range of projects that enhance the grids resiliency in the face of fires, severe storms, and other adverse environmental conditions to better protect lives, homes and forests while... More
