"Energy Department Offering $9M in Cybersecurity Competition for Small Electric Utilities"
The US Department of Energy recently announced a competition that can help smaller electric utilities obtain funding and technical assistance for improving their cybersecurity posture. The competition, named the Advanced Cybersecurity Technology (ACT) 1 Prize Competition, is part of the Biden administration's Rural and Municipal Utility Cybersecurity (RMUC) Program, which has set aside $250 million over a five-year period for enhancing cybersecurity at cooperative, municipal and small investor-owned electric utilities. The total budget for the ACT 1 Prize Competition, which is the first in a series, is $8.96 million in cash and technical assistance. The competition has three phases, focusing on commitment, planning, and implementation. The Department of Energy stated that in the planning phase, competitors need to describe their current resources and their need for improving their cybersecurity posture. The deadline for the first phase of the project is November 29, 2023. The department noted that "winning utilities in the Commitment Phase will receive cash prizes and technical assistance based on their commitment to improving their utility's cybersecurity posture through investments in cybersecurity technologies, staff training, and improvements to governance processes." In the planning phase, utilities will conduct system assessments, identify areas for training, understand potential risks and solutions, and draft an implementation roadmap. In the final phase, they will work on implementing that roadmap. In the second and third phases, electric utilities will receive cash prizes and technical assistance based on the work they completed in the respective phase.