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DOE Releases $350 Million for Energy Storage Demonstration Projects

November 15, 2022
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DOE Releases $350 Million for Energy Storage Demonstration Projects
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U.S. Secretary of Vitality Jennifer M. Granholm

The U.S. Department of Energy (DOE) has launched almost $350 million for rising long-duration power storage (LDES) demonstration tasks able to delivering electrical energy for 10 to 24 hours or longer to assist a low-cost, dependable, carbon-free electrical grid.

The funding alternative will advance new renewable power applied sciences, improve the capabilities of shoppers and communities to combine grid storage extra successfully, improve grid resilience, and extra.

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“Advancing power storage applied sciences is essential to creating power generated from clear renewable sources—like wind and photo voltaic—accessible for twenty-four/7 use, and is essential to attaining a decarbonized energy grid and reaching President Biden’s formidable local weather objectives,” says U.S. Secretary of Vitality Jennifer M. Granholm. “DOE is taking large steps to decrease the associated fee and improve the length of power storage applied sciences in order that clear, dependable, inexpensive electrical energy is on the market each time and wherever to everybody, particularly People dwelling in distant and underserved communities.”

Because the U.S. strikes towards a carbon-free electrical grid that depends extra on various renewable power technology, the necessity for dependable LDES that may provide sufficient power for lengthy intervals of time and during times when power technology is diminished or unavailable turns into extra important. At present’s power storage applied sciences are usually not sufficiently scaled or inexpensive to assist the broad use of renewable power on {the electrical} grid. Cheaper, longer length power storage can improve neighborhood involvement in native energy methods, construct resilience for communities, and reduce energy grid disruptions.

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The LDES Demonstrations Program might be managed by DOE’s Workplace of Clear Vitality Demonstrations (OCED) and can fund almost $350 million for as much as 11 demonstration tasks—tasks that may contribute to the department-wide aim of decreasing the price of grid-scale power storage by 90% inside the decade. DOE will fund as much as 50% of the price of every venture to catalyze impactful LDES demonstrations and open huge new potentialities for clear, baseload energy. This system goals to fund tasks that may overcome the technical and institutional obstacles that exist for full-scale deployment of LDES methods by specializing in a spread of various expertise sorts for a various set of areas. 

To make sure these tasks create good jobs and advantages for communities, the funding announcement features a neighborhood advantages plan from every applicant. Neighborhood advantages plans are based mostly on a set of 4 core coverage priorities: investing in America’s workforce; partaking communities and labor; advancing range, fairness, inclusion, and accessibility; and implementing the Justice40 Initiative. These key rules, when included comprehensively into venture proposals and executed upon, will assist de-risk these tasks to make sure that the transition to a clear power financial system advantages all People.

Letters of intent are due by December 15, and full functions are due by March 3, 2023. Further funding alternatives might comply with this announcement to validate and speed up commercialization of LDES applied sciences. 

In October, DOE issued a $30 million Lab Name Announcement for Lengthy-Length Vitality Storage Demonstrations. Remaining funding for LDES packages might be coated at a later date.

See also  Agilitas Energy activates community solar+storage program in Rochester, MA

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