Modular cold energy storage projects will be provided a DOE-supported loan for the installation of a 120-building energy storage portfolio in California and various other states. January 4, 2023 Michael SchoeckNostromo Energy, a cold energy storage developer, received notice from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) to submit an application to proceed with a $189 million loan to fund the deployment of 275 MWh IceBrick storage projects across 120 buildings in California and various states.The loan guarantee from the DOE would support Nostromo’s energy storage-as-a-service (ESaaS) solutions for the deployment of behind-the-meter, modular cold energy storage projects to commercial and industrial customers.The invitation to submit a Part II DOE loan application means that the government loan office has determined that Nostromo’s proposed project is…
Novel ice dispatch energy storage systems to be deployed for building decarbonization – pv magazine USA
