The U.S. Department of Energy announced on November 7, 2024, the selection of four high-voltage direct current transmission projects for a combined $11 million in funding. The selections were made through the Innovative Designs for high-performance low-cost HVDC Converters program, known as IDEAL HVDC, and were issued jointly by DOE’s Wind Energy Technologies Office and Office of Electricity.
What it means
The four projects are directed at improving HVDC transmission research and development, with the stated aim of enabling more onshore and offshore renewable energy generation to connect to the grid at lower cost. DOE said the projects are also intended to extend grid access to communities.
Key facts
- Funding: $11 million combined across four projects
- Number of projects selected: four
- Program: Innovative Designs for high-performance low-cost HVDC Converters (IDEAL HVDC)
- Issuing offices: DOE Wind Energy Technologies Office and Office of Electricity
- Announcement date: November 7, 2024
- Stated purpose: improve HVDC converter research and development; integrate onshore and offshore renewable energy onto the grid; reach communities
Source: U.S. Department of Energy news release (energy.gov)