DEGD0001024
Project Grant
Overview
Grant Description
Bipartisan Infrastructure Law (BIL) – Virtual Power Plant Enablement
The purpose of this project is to design and implement a Virtual Power Plant (VPP) that improves grid stability and reduces customers’ electricity bills through smart grid technology, data aggregation software, and financial incentives.
The VPP solution will: increase visibility into and ability to leverage small, intermittent energy resources to better manage the grid; incentivize customers to enroll in the VPP programs that reduce electricity bills and electricity rates; and provide a market for third-party aggregators to partner in a transition to a carbon-free grid.
The purpose of this project is to design and implement a Virtual Power Plant (VPP) that improves grid stability and reduces customers’ electricity bills through smart grid technology, data aggregation software, and financial incentives.
The VPP solution will: increase visibility into and ability to leverage small, intermittent energy resources to better manage the grid; incentivize customers to enroll in the VPP programs that reduce electricity bills and electricity rates; and provide a market for third-party aggregators to partner in a transition to a carbon-free grid.
Awardee
Funding Goals
THIS FUNDING OPPORTUNITY ANNOUNCEMENT SUPPORTS THE GRID RESILIENCE AND INNOVATION PARTNERSHIPS (GRIP) PROGRAM AND SUPPORTS THE DEVELOPMENT OF COMPREHENSIVE AND REGIONAL RESILIENCE STRATEGIES TO ADDRESS THE INCREASING THREATS TO OUR POWER SYSTEM INFRASTRUCTURE; SPECIFICALLY, TO PREVENT OUTAGES AND ENHANCE THE RESILIENCE OF THE ELECTRIC GRID, DEPLOY TECHNOLOGIES TO ENHANCE GRID FLEXIBILITY, AND DEMONSTRATE INNOVATIVE APPROACHES TO POWER SECTOR INFRASTRUCTURE RESILIENCE AND RELIABILITY.
Grant Program (CFDA)
Awarding Agency
Funding Agency
Place of Performance
Albuquerque,
New Mexico
87158-0001
United States
Geographic Scope
Single Zip Code
PNM was awarded
Virtual Power Plant Implementation for Grid Stability and Cost Savings
Project Grant DEGD0001024
worth $35,632,445
from the Department of Energy in January 2025 with work to be completed primarily in Albuquerque New Mexico United States.
The grant
has a duration of 5 years and
was awarded through assistance program 81.254 Grid Infrastructure Deployment and Resilience.
$36,921,408 (51.0%) of this Project Grant was funded by non-federal sources.
The Project Grant was awarded through grant opportunity Bipartisan Infrastructure Law (BIL) Grid Resilience and Innovative Partnerships (GRIP).
Status
(Ongoing)
Last Modified 12/26/24
Period of Performance
1/1/25
Start Date
12/31/29
End Date
Funding Split
$35.6M
Federal Obligation
$36.9M
Non-Federal Obligation
$72.6M
Total Obligated
Activity Timeline
Additional Detail
Award ID FAIN
DEGD0001024
SAI Number
None
Award ID URI
SAI EXEMPT
Awardee Classifications
For-Profit Organization (Other Than Small Business)
Awarding Office
892433 NATIONAL ENERGY TECHNOLOGY LABORATORY
Funding Office
892411 GRID DEPLOYMENT OFFICE (GDO)
Awardee UEI
UH79J2S8TU16
Awardee CAGE
None
Performance District
NM-01
Senators
Martin Heinrich
Ben Luján
Ben Luján
Modified: 12/26/24