On February 6, 2024, GDO announced a Request for Proposals (RFP) for the second round of the Transmission Facilitation Program, a $2.5 billion revolving fund that helps overcome financial hurdles facing large-scale new and upgraded transmission lines. Through the RFP, DOE anticipates deploying up to $1.2 billion in federal support to accelerate transmission buildout through capacity contracts, an innovative approach that increases the confidence of investors and potential customers while reducing risk for projects. The submission deadline for the first part of the application process is March 11, 2024.
A public webinar was held on February 21, 2024, to provide additional information.
View a recording of the February 21, 2024, Transmission Facilitation Program Round 2 Capacity Contracts RFP Informational Webinar.
Video courtesy of the U.S. Department of Energy, Grid Deployment Office