New York Gov. Kathy Hochul announced on Sept. 8 that $16.6 million had been awarded to five long-duration energy storage projects in her state. She also said an additional $17 million in competitive funding was available for projects that “advance development and demonstration of scalable innovative long-duration energy storage technologies, including hydrogen.”
Meanwhile, Qcells USA Corp. announced its closing of a $150 million corporate revolver to support in part its construction of the Cunningham Energy Storage Project in Texas, as well as other projects in its 13-GW pipeline. The Cunningham Energy Storage Project—a 190-MW/380-MWh energy storage facility—will be the largest project in the Electric Reliability Council of Texas (ERCOT) market once operational, which is expected later this year. Qcells acquired the project from Belltown Power Texas LLC on Nov….
Energy Storage Projects in New York and Texas Get Boost
