EU agrees to spend billions to make grid crisis-proof
STRASBOURG, FRANCE - Europe's energy networks will receive a 4-billion-euro (US$5.3 billion) upgrade to make them more robust and flexible in future energy crises following a vote in the European Union assembly.
The project was launched after this winter's gas crisis left thousands of homes without heat, following a price row between Moscow and transit country Ukraine.
The plan to subsidize new power projects, gas pipelines and power cables aims to enable the 27 EU countries help each other during energy crises and to generate fresh employment for constructors and engineers in the face of recession.
The European Parliament had earlier voted to divert any unused funds from the project into energy efficiency program.
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Massive power line will send Canadian hydropower to New York
NEW YORK - A proposal to build a new transmission line to connect New England with Canadian hydropower is one step closer to reality.
The U.S. Department of Energy announced Monday that it has selected the Twin States Clean Energy Link as one of three transmission projects that will be part of its $1.3 billion investment to add capacity to the grid.
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Twin States is a proposal from National Grid, a utility company that serves Massachusetts, New…
