- CenterPoint Energy was selected by the DOE for a $50 million grant under the SPARK program.
- The grant will help fund advanced substation technology from Siemens Energy.
- The technology is described as industry-leading transmission grid stabilizing technology that responds rapidly to demand changes.
- Expected benefits: strengthen resiliency/reliability during high demand, increase capacity for growth, and create over 500 local jobs.
- Grant requires finalization of negotiations with DOE.
- CenterPoint Energy (NYSE: CNP) is an investor-owned electric and gas utility based in Texas, serving 7 million metered customers across Indiana, Minnesota, and Texas.
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