From pv magazine ESS news place
Interest in long-term energy storage (LDES) is growing rapidly as demand for clean, reliable capacity grows. New funding was announced in the US this week in an effort to make a variety of LDES technologies commercially viable.
The U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) on Tuesday issued a Notice of Intent (NOI) for up to $100 million to fund pilot-scale energy storage demonstration projects focused on non-lithium technologies. hourly drainage systems and stationary storage applications. A funding application is expected in late summer/early fall.
OCED plans to fund 3 to 15 projects, with each project offering $5 to $20 million, with a minimum 50% non-federal cost share per project. Projects require applicants to have a team that includes a technology provider and encourage the inclusion of utilities, facility owners/operators, developers, financiers and others who support a clear path to commercial adoption, the agency said in a news release.
The funding is intended to support the advancement of a diverse range of non-lithium LDES technologies. It is part of the Long-Term Energy Storage Pilot Program funded by the Bipartisan Infrastructure Law at a cost of $505 million.
Popular content
To read further, visit our ESS news website.
This content is copyrighted and may not be reused. If you would like to collaborate with us and reuse some of our content, please contact: editors@pv-magazine.com.
