H.R. 7624, titled the "Advancing Grid-Enhancing Technologies Act of 2024," requires the Federal Energy Regulatory Commission to create a shared savings incentive program. This program aims to return a portion of the savings from investments in grid-enhancing technologies to the developers of...
Simple Explanation
The bill wants to reward people who make new tools to help the electricity grid work better by giving them some of the money saved, and it asks for rules to keep it fair and safe for everyone using electricity.