Xcel Energy Gets $100 Million DOE Grant to Boost Wildfire Mitigation, Grid Resiliency
October 18 2023 - 4:12PM
Dow Jones News
By Stephen Nakrosis
Xcel Energy said Wednesday it was selected to receive a $100
million award from the Department of Energy to reduce and mitigate
wildfire threats and ensure the resiliency of the grid in extreme
weather.
The funding will be matched by a $140 million cost share
provided by Xcel Energy.
The funds will be used for projects to enhance grid resiliency
in the face of fires, severe storms and other environmental
conditions, Xcel said. Adding fire-resistant coatings to wood
poles, improving equipment safety features in power lines and
electric vehicle chargers in high fire risk conditions, and
enhancing vegetation management are some areas the projects will
cover.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 18, 2023 16:57 ET (20:57 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Xcel Energy (NASDAQ:XEL)
Historical Stock Chart
From May 2024 to Jun 2024
Xcel Energy (NASDAQ:XEL)
Historical Stock Chart
From Jun 2023 to Jun 2024
