Xcel Energy gets $100 million for wildfire prevention, grid durability funding

By Antonia Velez
October 18, 2023
Category: Forestry
Region: United States

DENVER — Xcel Energy was awarded $100 million in federal funding to help its efforts in preventing wildfires and increasing the resiliency of its power grids during extreme weather conditions. Xcel said the U.S. Department of Energy (DOE) selected them to receive the funding, which the company matched through a $140 million cost share. …this funding is part of the department’s Grid Resilience and Innovation Partnerships program, which aims to “enhance grid flexibility, improve the resilience of the power system against growing threats of extreme weather and climate change, and ensure American communities have access to affordable, reliable, clean electricity when and where they need it.” Xcel said the funding will support multiple projects that aid wildfire mitigation and grid resiliency in Colorado, Minnesota, New Mexico, Texas and Wisconsin. According to the DOE, seven of these projects will be implemented in states within the company’s West/Southwest territory. 

Read More