The U.S. Trade Development Agency supports efforts to expand energy generation by helping its partner countries develop renewable energy resources, invest in cleaner forms of traditional energy and modernize electric grids to increase efficiency, reliability and sustainability. Smart Grid Today recognized the Agency’s efforts to help its partner countries modernize their grids by naming it a 2013 Smart Grid Pioneer. In FY 2015, USTDA committed over half of its energy investments to renewable power. These project preparation activities have the potential to unlock over $4.3 billion in financing and produce over 2,400 megawatts of new renewable energy. The USTDA provides sole source grants directly to overseas project sponsors who, in turn, select U.S. companies to perform the USTDA-funded activities. USTDA sole-source grants are available for feasibility studies, technical assistance, and pilot projects in priority infrastructure sectors such as transportation, energy, and telecommunications to eligible project sponsors.