IRVINE, Calif.–(BUSINESS WIRE)–Nostromo Energy, Inc., provider of the IceBrick® system, a breakthrough energy storage solution to decarbonize commercial and industrial (C&I) buildings and the power grid, today announced that it has been invited by the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) to submit a Part II application for a loan guarantee under the Title XVII Innovative Clean Energy Loan Guarantee Program. The proposed $189 million loan guarantee from the DOE would support Nostromo’s “energy storage-as-a-service” (ESaaS) offering, designed to accelerate the deployment of its large-scale, behind-the-meter, modular and highly-efficient cold energy storage technology. The invitation to submit a Part II application means that the LPO determined, based on information submitted, that Nostromo’s proposed project employs innovative technology,…
Nostromo Energy Reaches Key Application Milestone for $189 Million Loan Guarantee from the U.S. Department of Energy to Deploy 275 MWh of Distributed Energy Storage Systems
