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Doe Funding

All articles tagged with #doe funding

energy2 years ago

"DOE Invests $325M in Long-Duration Storage for Clean Electricity"

The US Department of Energy (DOE) has awarded $325 million in funding to support the development of long-duration storage technologies. The funding will be used to finance projects such as a pumped thermal energy storage system in Alaska and the installation of iron-air batteries at retiring coal plants in Colorado and Minnesota. The DOE aims to demonstrate the viability and replicability of these technologies to attract private investment and utility support. The projects are expected to take four to five years for permitting, design, and construction, but the DOE is eager to expedite the process and encourage follow-on projects.

energy2 years ago

"Biden Administration Invests Billions in Climate Change Initiatives and Grid Resilience"

The Biden-Harris Administration has announced $325 million in funding for 15 long-duration energy storage (LDES) projects across the United States. These projects aim to accelerate the development of LDES technologies, enhance clean energy adoption, and protect communities from disruptions to the grid caused by extreme weather events. The funding will support the deployment of storage systems that can store renewable energy for use during high-demand periods, such as at night or during natural disasters. The projects also include innovative approaches to reusing retired batteries, supporting the electric vehicle industry and creating economic opportunities. The funding aligns with the administration's goal of reducing the cost of LDES by 90% by 2030 and advancing clean energy technologies.