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DEAR0001289

Cooperative Agreement

Overview

Grant Description
New Cooperative Agreement to Princeton University in accordance with ARPA-E FOA number DE-FOA-0002171 (PERFORM) and application control number 2171-1603.

Project title: "Stochastic Models, Indices & Optimization Algorithms for Pricing & Hedging Reliability Risks in Modern Power Grids."

The applicant proposes to adapt the science of risk measures, credit ratings, and actuarial products to quantify the impact of uncertainties of renewables production, load, and DERs on electricity market operations.
Awardee
The Trustees Of Princeton University
Funding Goals
NA""
Grant Program (CFDA)
81.135 - Advanced Research Projects Agency - Energy
Awarding / Funding Agency
Advanced Research Projects Agency - Energy (ARPA-E) [DOE]
Place of Performance
Princeton, New Jersey 08544 United States
Geographic Scope
Single Zip Code
Related Opportunity
NOT APPLICABLE
Analysis Notes
Amendment Since initial award the End Date has been extended from 09/27/23 to 03/27/25.
The Trustees Of Princeton University was awarded Optimizing Reliability Risks in Power Grids Cooperative Agreement DEAR0001289 worth $3,500,000 from Advanced Research Projects Agency - Energy in September 2020 with work to be completed primarily in Princeton New Jersey United States. The grant has a duration of 4 years 6 months and was awarded through assistance program 81.135 Advanced Research Projects Agency - Energy.

Status
(Complete)

Last Modified 10/8/24

Period of Performance
9/28/20
Start Date
3/27/25
End Date
100% Complete

Funding Split
$3.5M
Federal Obligation
$0.0
Non-Federal Obligation
$3.5M
Total Obligated
100.0% Federal Funding
0.0% Non-Federal Funding

Activity Timeline

Interactive chart of timeline of amendments to DEAR0001289

Subgrant Awards

Disclosed subgrants for DEAR0001289

Transaction History

Modifications to DEAR0001289

Additional Detail

Award ID FAIN
DEAR0001289
SAI Number
None
Award ID URI
None
Awardee Classifications
Private Institution Of Higher Education
Awarding Office
897030 ADVANCED RSRCH PROJ AGENCY ARPA-E
Funding Office
897002 ADVANCED RSRCH PROJ AGENCY ARPA-E
Awardee UEI
NJ1YPQXQG7U5
Awardee CAGE
4B486
Performance District
NJ-12
Senators
Robert Menendez
Cory Booker

Budget Funding

Federal Account Budget Subfunction Object Class Total Percentage
Advanced Research Projects Agency-Energy, Energy Programs, Energy (089-0337) Energy supply Research and development contracts (25.5) $3,500,000 100%
Modified: 10/8/24