Transmission Facilitation Program: Difference between revisions
No edit summary |
|||
| Line 3: | Line 3: | ||
|ProgramType=Program | |ProgramType=Program | ||
|OrgSponsor=Grid Deployment Office | |OrgSponsor=Grid Deployment Office | ||
|TopOrganization=Department of Energy | |||
|CreationLegislation=Infrastructure Investment and Jobs Act | |CreationLegislation=Infrastructure Investment and Jobs Act | ||
|Purpose=To support the construction of new or upgraded high-capacity electric transmission lines, facilitating interregional electricity transfer and enhancing grid reliability. It aims to overcome financial barriers to large-scale transmission projects.<ref>{{cite web |url=https://www.energy.gov/gdo/transmission-facilitation-program |title=Transmission Facilitation Program |accessdate=January 30, 2025}}</ref> | |Purpose=To support the construction of new or upgraded high-capacity electric transmission lines, facilitating interregional electricity transfer and enhancing grid reliability. It aims to overcome financial barriers to large-scale transmission projects.<ref>{{cite web |url=https://www.energy.gov/gdo/transmission-facilitation-program |title=Transmission Facilitation Program |accessdate=January 30, 2025}}</ref> | ||
| Line 9: | Line 10: | ||
|InitialFunding=$2.5 billion<ref>{{cite web |url=https://www.energy.gov/gdo/transmission-facilitation-program |title=Transmission Facilitation Program |accessdate=January 30, 2025}}</ref> | |InitialFunding=$2.5 billion<ref>{{cite web |url=https://www.energy.gov/gdo/transmission-facilitation-program |title=Transmission Facilitation Program |accessdate=January 30, 2025}}</ref> | ||
|Duration=Indefinite | |Duration=Indefinite | ||
|Historic= | |Historic=Yes | ||
}} | }} | ||
'''Transmission Facilitation Program (TFP)''' is designed to support the construction of new or upgraded high-capacity electric transmission lines, facilitating interregional electricity transfer and enhancing grid reliability. It aims to overcome financial barriers to large-scale transmission projects by providing federal support through capacity contracts, loans, and public-private partnerships.<ref>{{cite web |url=https://www.energy.gov/gdo/transmission-facilitation-program |title=Transmission Facilitation Program |accessdate=January 30, 2025}}</ref> | '''Transmission Facilitation Program (TFP)''' is designed to support the construction of new or upgraded high-capacity electric transmission lines, facilitating interregional electricity transfer and enhancing grid reliability. It aims to overcome financial barriers to large-scale transmission projects by providing federal support through capacity contracts, loans, and public-private partnerships.<ref>{{cite web |url=https://www.energy.gov/gdo/transmission-facilitation-program |title=Transmission Facilitation Program |accessdate=January 30, 2025}}</ref> | ||
Latest revision as of 23:26, 11 February 2025
| Type | Program |
|---|---|
| Sponsor Organization | Grid Deployment Office |
| Top Organization | Department of Energy |
| Creation Legislation | Infrastructure Investment and Jobs Act |
| Website | Website |
| Purpose | To support the construction of new or upgraded high-capacity electric transmission lines, facilitating interregional electricity transfer and enhancing grid reliability. It aims to overcome financial barriers to large-scale transmission projects.[1] |
| Program Start | 2022 |
| Initial Funding | $2.5 billion[2] |
| Duration | Indefinite |
| Historic | Yes |
Transmission Facilitation Program (TFP) is designed to support the construction of new or upgraded high-capacity electric transmission lines, facilitating interregional electricity transfer and enhancing grid reliability. It aims to overcome financial barriers to large-scale transmission projects by providing federal support through capacity contracts, loans, and public-private partnerships.[3]
Goals
- Increase the capacity for interregional electricity transfer.[4]
- Enhance grid resilience and reliability through new transmission infrastructure.
- Accelerate the deployment of clean energy by supporting necessary transmission upgrades.
Organization
The Transmission Facilitation Program is managed by the Grid Deployment Office within the U.S. Department of Energy. The leadership role for this program is held by the Director of the Grid Deployment Office.
Partners
- No specific partnerships are listed as TFP primarily operates through federal support mechanisms.
History
The Transmission Facilitation Program was authorized under the Infrastructure Investment and Jobs Act in 2021, with the aim of addressing the significant financial and regulatory challenges associated with transmission line development. The program was officially launched in 2022, with the first round of capacity contract selections announced in October 2023, committing up to $1.3 billion for three projects across six states.[5] This was followed by additional project selections in 2024, expanding the program's impact.
Funding
The program received an initial allocation of $2.5 billion for its revolving fund.[6] This funding is structured as a revolving fund, allowing the DOE to recover costs over time through capacity contracts and other financial mechanisms, thus enabling continuous support for new projects.
Implementation
TFP operates through:
- Offering capacity contracts where DOE acts as an "anchor customer", buying up to 50% of a line's capacity.
- Providing loans for transmission projects.
- Engaging in public-private partnerships to develop transmission infrastructure.
The program has no set end date, designed to continue facilitating transmission projects as part of the broader national strategy for grid modernization.
Related
External links
- https://www.energy.gov/gdo/transmission-facilitation-program
- wikipedia:Transmission Facilitation Program
Social media
- No specific social media accounts for TFP; follow the Department of Energy for updates.
References
- ↑ "Transmission Facilitation Program". https://www.energy.gov/gdo/transmission-facilitation-program. Retrieved January 30, 2025.
- ↑ "Transmission Facilitation Program". https://www.energy.gov/gdo/transmission-facilitation-program. Retrieved January 30, 2025.
- ↑ "Transmission Facilitation Program". https://www.energy.gov/gdo/transmission-facilitation-program. Retrieved January 30, 2025.
- ↑ "Transmission Facilitation Program". https://www.energy.gov/gdo/transmission-facilitation-program. Retrieved January 30, 2025.
- ↑ "DOE's Transmission Facilitation Program commits $1.3B for 3 transmission projects". Utility Dive. October 30, 2023. https://www.utilitydive.com/news/doe-transmission-facilitation-program-first-round/694522/. Retrieved January 30, 2025.
- ↑ "Transmission Facilitation Program". https://www.energy.gov/gdo/transmission-facilitation-program. Retrieved January 30, 2025.