The Biden-Harris Administration, through the U.S. Department of Energy (DOE), has announced about US$350 million for emerging long-duration energy storage (LDES) demonstration projects capable of delivering electricity for 10 to 24 hours or longer to support a low-cost, reliable, carbon-free electric grid. Funded in part by President Biden’s Bipartisan Infrastructure Law, this funding opportunity will advance new renewable energy technologies, enhance the capabilities of customers and communities to integrate grid storage more effectively, increase grid resilience, and expand America’s global leadership in energy storage. Together with the President’s Inflation Reduction Act, which provided expanded clean energy tax credits for energy storage installation, this new investment is meant provide businesses the confidence they need to build and deploy innovative clean energy…
DOE Announces $350 Million For Long-Duration Energy Storage Demonstration Projects
