State DOTs Providing Local Transportation Funding
Three state departments of transportation – in New York, Massachusetts, and New Jersey – are helping disburse funding in support of a wide variety of local transportation projects, from bridge and road repair to transit service. [Above photo of the Trolley Boulevard Bridge by the NYSDOT.] The New York State Department of Transportation is making $200 million in BRIDGE NY funding available to local governments to help make their infrastructure more resilient to extreme weather events. Th...
Governor Cuomo Announces $200 Million in 'Bridge NY' Funding Available to Build Resiliency in New York Communities
Governor Andrew M. Cuomo today announced the availability of $200 million in BRIDGE NY funding for local governments to make their infrastructure more resilient to extreme weather events. The new funding will allow localities to rehabilitate and replace bridges and culverts statewide. It builds upon $500 million previously awarded to 143 local governments since 2016 for the rehabilitation and replacement of 298 bridges and culverts. These strategic infrastructure investments have enhanced the qu...
Murphy Administration announces $1 million in FY 2021 Transit Village grants to revitalize areas around transit facilities
(Trenton) – The Murphy Administration today announced $1 million in FY 2021 Transit Village grants to help four municipalities advance projects that will improve quality of life in Atlantic, Hudson, Essex and Middlesex Counties. “The Department of Transportation’s dedication to the people of New Jersey extends far beyond our roadways,” NJDOT Commissioner Diane Gutierrez-Scaccetti said. “Initiatives like the Transit Village program spur community and economic growth and improve the quality of li...
U.S. Department of Transportation Announces $15.8 Million in Grant Awards to 37 Projects Nationwide to Improve Operational Efficiency of Transit Agencies Affected by COVID-19 Public Health Emergency
WASHINGTON – The U.S. Department of Transportation's Federal Transit Administration (FTA) today announced that 37 projects will receive a share of $15.8 million in funding to support strategies that develop, deploy and demonstrate solutions that improve the operational efficiency of transit agencies and enhance rider mobility during the Coronavirus Disease 2019 (COVID-19) public health emergency. "These additional resources will provide transit agencies and the states with the additional reso...
Macquarie’s Green Investment Group invests in North American utility-scale storage developer esVolta
Macquarie’s Green Investment Group (GIG) today announced that it will make an investment in esVolta, a developer and owner of utility-scale energy storage projects across North America. The investment will support the continued North American expansion of esVolta and finance its portfolio of over 600 MWh of contracted energy storage projects, primarily in California, and an additional development pipeline of more than 2 GWh. The relationship brings together esVolta’s project origination,...
Battery Storage, Smart Grid, and Energy Efficiency Companies Bring in $8.1 Billion in Corporate Funding in 2020
AUSTIN, Texas — Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for 2020. To get a copy of the report, visit: https://mercomcapital.com/product/2020-q4-annual-funding-ma-report-storage-grid-efficiency Total corporate funding (including venture capital funding, public market, and debt financing) for the Battery Stora...
Micatu Secures $10 Million Investment from Wave Equity Partners for Disruptive Grid Optical Sensor Platform
Safe, reliable, accurate optical sensor technology allows utilities to mitigate grid disruption from increased renewable use Micatu, Incorporated, a leader in optical sensing solutions, today announced a $10 million growth investment led by WAVE Equity Partners, LLC. The financing will support the company’s continued global expansion and ongoing deployment of its proprietary GridView optical sensing platform for industrial and utility grid measurement solutions. “Our nation’s electric grid...
U.S. Department of Transportation Announces $766.5 Million Grant Agreement to New Jersey Transit for the Portal North Bridge Project in Hudson County, New Jersey
WASHINGTON – The U.S. Department of Transportation's Federal Transit Administration (FTA) today announced a $766.5 million Capital Investment Grant (CIG) agreement with New Jersey Transit Corporation (New Jersey Transit) for the Portal North Bridge Project in Hudson County, New Jersey. The project will improve the reliability of commuter rail service between New Jersey and New York by increasing capacity and reducing bridge maintenance expenses of the 100-year old bridge. "This $766.5 million...
Engineering Drives Significant Economic Activity and Employment New Landmark Study Finds
Engineering and Architectural Services Sector Employs More Than 1.5 Million; Generates 2% Of U.S. Economy Washington, DC (January 11, 2021)— The Engineering and Architectural Services sector directly employs more than 1.5 million Americans and supports an additional 3 million indirect jobs - making up 3 percent of all U.S. jobs. This is according to a first-of-its-kind industry profile out today from the ACEC Research Institute—the leading source of knowledge and thought leadership in the eng...
USDOT Announces $174 Million Grant Agreement to Expand Kansas City, Missouri, Streetcar Service
WASHINGTON – The U.S. Department of Transportation's Federal Transit Administration (FTA) today announced a $174.1 million federal grant agreement with the City of Kansas City, Missouri for the Kansas City Streetcar Main Street Extension Project, which will improve transportation options and continue to spur economic development along the streetcar corridor. "This $174.1 million federal grant agreement will extend the streetcar line, better connecting residents to jobs and essential services,...