3 stories tagged grid-modernization on EV Digest.
Heron Power is planning a $100 million manufacturing facility in Michigan, focusing on components crucial for modernizing the electric grid. This investment aims to bolster infrastructure needed to support increased electric vehicle charging demands and integrate renewable energy sources more effectively.
Canada's federal government announced significant funding in July, dedicating close to $90 million towards advancing the country's electric vehicle ecosystem. These investments are slated to bolster EV supply chains, expand charging infrastructure, and support grid modernization projects nationwide. The move underscores Canada's commitment to accelerating EV adoption and building out domestic capabilities.
AEP Texas has secured a major federal loan of up to $3.26 billion to upgrade its electricity grid in the Lone Star State. This significant investment aims to bolster grid reliability and resilience, which is crucial for supporting the increasing demands of electrification, including the growing number of electric vehicles.
