Watch onWASHINGTON - 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.
"Extreme weather events fueled by climate change will continue to strain the nation's aging transmission systems, but It was the first round of selections under the broader $10.5 billion grid resilience and innovation partnerships program managed by DOE.
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