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DOE Provides up to $51.8 Million to Modernize the U.S. Electric Grid System. June 27, 2007

U.S. Department of Energy (DOE) Secretary Samuel W. Bodman today announced that DOE will provide up to $51.8 million for five cost-shared projects that will help accelerate much-needed modernization of our Nation’s electricity grid. This research will advance the development and application of high-temperature superconductors, which have the potential to alleviate congestion on an electricity grid that is experiencing increased demand from consumers.