The U.S. Department of Energy has announced $42 million for 15 projects across 11 states to improve the reliability, resiliency, and flexibility of the domestic power grid through the development of next-generation semiconductor technologies.
Funded through DOE's Unlocking Lasting Transformative Resiliency Advances by Faster Actuation of power Semiconductor Technologies (ULTRAFAST) program, the technologies being developed would enable more effective control of grid power flow and better protection of critical infrastructure assets.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.