The bill, titled the “Advancing Grid-Enhancing Technologies Act of 2024,” directs the Federal Energy Regulatory Commission to create a shared savings incentive program. This program aims to return a portion of the financial savings from investments in grid-enhancing technology back to the...
Simple Explanation
The bill wants to give some money back to people who make new technology that improves the power grid, but only if the technology saves a lot of money—at least four times what it costs. It also plans to spend money each year to teach people how to use this new technology.