; (iii) not fewer than 4 representatives from public utilities or electric utilities, regardless of whether the utility is in an area serviced by an Independent System Operator or a Regional Transmission Organization; and (iv) not fewer than 2 representatives from private and nonprofit associations with expertise in the development, deployment, and use of advanced energy technologies. (C) Reports Not later than 18 months after the date of enactment of this Act, and every 2 years thereafter for 10 years, the Advisory Committee shall submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Energy and Commerce of the House of Representatives a report on the Initiative, including the findings or recommendations of the Advisory Committee with respect to the matters described in clauses (i) through (vii) of subparagraph (A). (b) Advanced Energy Technology and Grid Services Program (1) In general Not later than 180 days after the date of enactment of this Act, the Secretary shall establish a competitive financial assistance program, to be known as the Advanced Energy Technology and Grid Services Program , under which the Secretary shall enter into Federal financial assistance agreements with eligible entities described in paragraph (2) for the purpose of increasing the market penetration of advanced energy technology through advanced research and development and pilot demonstrations of— (A) software upgrades, including upgrades to the software platforms used to operate wholesale energy markets; (B) updated power system planning; (C) new power system (including power market) modeling platforms; (D) cybersecurity and physical security upgrades; and (E) resilience upgrades. (2) Eligible entities described An eligible entity referred to in paragraph (1) is— (A) a grid operator; (B) a State public utility commission; (C) an energy cooperative; (D) a municipality; (E) an electric utility; (F) a gas utility