About New Energy Storage Project Awards
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6 FAQs about [New Energy Storage Project Awards]
How much does Doe's 'grid Resilience & Innovation Partnerships' project cost?
The projects include about 600 miles of new transmission and 400 miles of reconductored wiring as well as grid-enhancing technologies, long-duration energy storage, solar energy and microgrids. The awards are from DOE’s Grid Resilience and Innovation Partnerships program; project sponsors will provide about $7.8 billion in matching funding.
What does $17 million in competitive funding mean for energy storage?
The additional $17 million in competitive funding will encourage further product development and demonstration projects in long duration energy storage that are 10 to over 100 hours in duration at rated power.
How much did the Department of Energy Award a transmission project?
The Department of Energy on Aug. 6, 2024, awarded $2.2 billion to eight transmission projects involving utilities that include Allete, Duke Energy, Eversource, National Grid, Pacific Gas and Electric and Southern California Edison. John Randall Alves via Getty Images This audio is auto-generated. Please let us know if you have feedback.
Are energy storage technologies more cost effective and ready for commercialization?
Through investments and ongoing initiatives like DOE’s Energy Storage Grand Challenge —which draws on the extensive research capabilities of the DOE National Laboratories, universities, and industry—energy-storage technologies are now more cost effective and ready for commercialization.
Why do we need energy storage funding?
“These funding opportunities help propel the future of energy storage and deliver cost-effective solutions for our nation’s electricity needs” said Gene Rodrigues, Assistant Secretary for Electricity. “Energy storage bolsters system reliability and enables every American to benefit from abundant and affordable clean energy.
What is Doe's $5 billion grid Innovation Program?
In October, DOE awarded nearly $3.5 billion in grants to support 58 projects in 44 states. The funding announced Tuesday is from GRIP’s $5 billion grid innovation program, which focuses on projects that use new approaches to transmission, storage and distribution infrastructure to improve grid resilience and reliability. The winning projects are:
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