“GRIP’s commitment to enhancing grid resilience aligns seamlessly with Stem’s mission to drive innovation and sustainability. Stem’s end-to-end solutions, including battery energy storage and our award-winning AI-driven platform Athena, perfectly complement GRIP’s goals for a more resilient and flexible power grid.”
-Mike Alter, Director, Product Marketing at Stem
The Grid Department Office, under the Department of Energy, is spearheading the Grid Resilience and Innovation Partnerships (GRIP) Program, a $10.5 billion initiative aimed at bolstering grid flexibility and improving the resilience of the power system in the face of escalating threats from extreme weather and climate change. This blog post outlines essential aspects of the GRIP Program, including its objectives, eligibility criteria, its impact on Municipalities (MUNIs), and the deadline for submitting concept papers for the next round of funding.
What is the GRIP program
Under the visionary Infrastructure Investment and Jobs Act, GRIP stands as a beacon of progress, encouraging transformative investments to fortify our power grid’s resilience and reliability. Over the Fiscal Years FY22-FY26, this groundbreaking program is poised to invest over $10 billion, catalyzing vital advancements in grid technology and infrastructure.
The current funding round for FY22 and FY23 will channel a formidable $3.8 billion, fueling many activities and empowering diverse entities to partake in the program’s three “topic areas.” Among these, energy storage and distributed generation are prominent themes, aligning with the mission to create a more flexible and resilient power grid.
GRIP’s commitment to bolstering grid adaptability and security is a testament to the federal government’s dedication to clean and sustainable energy systems. GRIP complements other transformative initiatives like the USDA New ERA and PACE Programs, alongside a wealth of grants and federal tax incentives offered under the Inflation Reduction Act, as part of a broader drive towards a greener future.
Who qualifies for the GRIP program
To qualify for the GRIP Program, entities must meet specific criteria. The program is open to various stakeholders, including utilities, energy companies, non-profit organizations, and state and local governments involved in power generation and distribution. Furthermore, Indian Tribes have the opportunity to apply via Tribal Consortium for BIL Section 40101(d).
How does GRIP impact MUNIs
Municipalities (MUNIs) play a pivotal role in the successful implementation of the GRIP Program. As key participants in the power sector, MUNIs can leverage the program’s resources and funding opportunities to support clean energy projects and enhance their grid infrastructure. Using municipal bonds, including tax-exempt and green bonds, MUNIs can finance these energy projects efficiently and attract potential investors interested in contributing to environmental benefits.
Moreover, the GRIP Program’s emphasis on resilience and adaptability is particularly beneficial to MUNIs, as it enables them to strengthen their power grids against the mounting challenges posed by extreme weather events and climate change. By participating in the program, MUNIs can enhance their capabilities to provide reliable electricity to their communities during adverse conditions, safeguarding their residents and critical infrastructure.
When is the next round of funding
The registration requirements include several one-time actions, including a concept paper, that must be completed before submitting an application. The next deadline is tentatively scheduled for Winter 2023. See the DOE’s GRIP FAQs here.
Why work with Stem
Partnering with Stem, Inc. is a strategic move that reaps immediate benefits for your energy portfolio. Seize the opportunity to invest in storage while funding is available, securing long-term advantages. Our cutting-edge AI and ML software platform enhances reliability and resiliency and optimizes economic outcomes. With a proven track record, Stem boasts expertise in deploying over 2+GWh across 950 sites and fostering partnerships with 40+ utilities. Experience the power of end-to-end solutions tailored to your needs, bringing your site up to speed and propelling your energy future forward with confidence.
- Public Power & Municipal Utilities
- Wholesale Energy Market Participation
- How Joint Action Agencies and Members can Use Battery Storage to Deliver Value with Clean Energy Projects (WOD)
- Clean Energy Projects for Public Power & Municipal Utilities (one-pager)
- Athena AI
Inflation Reduction Act