1. Short title This Act may be cited as the 21st Century Power Grid Act . 2. Grant program for grid modernization projects (a) In general The Secretary of Energy shall establish a program to provide financial assistance to eligible partnerships to carry out projects related to the modernization of the electric grid, including— (1) projects for the deployment of technologies to improve monitoring of, advanced controls for, and prediction of performance of, a distribution system; and (2) projects related to transmission system planning and operation. (b) Eligible projects Projects for which an eligible partnership may receive financial assistance under subsection (a)— (1) shall be designed to improve the resiliency, performance, or efficiency of the electric grid, while ensuring the continued provision of safe, secure, reliable, and affordable power; (2) may be designed to deploy a new product or technology that could be used by customers of an electric utility; and (3) shall demonstrate— (A) secure integration and management of energy resources, including through distributed energy generation, combined heat and power, microgrids, energy storage, electric vehicles, energy efficiency, demand response, or controllable loads