The Department of Energy awarded a $248,250,931 Project Grant to PECO Energy Company, a subsidiary of Exelon Corporation, under the Grid Infrastructure Deployment and Resilience program (CFDA 81.254). The objective of this grant, titled the "PECO CREATE PLAN", is to catalyze a generational transformation of the energy landscape in Southeastern Pennsylvania through targeted infrastructure investments and community-based collaborations. The funding will be used to reduce the likelihood and consequences of electric grid impacts due to extreme weather and rising sea levels. Key components of the project include upgrading transmission and distribution systems, deploying smart grid technologies, and implementing various initiatives to strengthen grid resilience and accessibility in the region. The grant has a performance period from September 1, 2024, to August 31, 2029.
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