*USD/BTC =$110,913 Block 897,898 TL:DR

Energy project developer Invenergy awarded contracts totaling about $1.7 billion to Quanta Services and Kiewit Energy Group Inc. for first-phase construction of phase of its planned $7-billion Grain Belt Express transmission line in the midwest, the project owner announced May 7.

The newly awarded contracts cover work on the project’s first 530-mile section in Kansas and Missouri with a 2,500-MW capacity. Quanta will serve as engineering, procurement and construction contractor for the line’s lattice towers and transmission lines, while Kiewit will build two converter stations, an Invenergy spokesperson told ENR.

“Grain Belt Express is an important project that supports the country’s energy dominance priority, manufacturing reshoring, mission to lead the world in artificial intelligence and secure our grid,” said Duke Austin, president and CEO of Quanta, in a statement.

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Good to see grid investment! It appears the project is facing permitting challenges but with the current administration this possibility could be mitigated.