ELECTRIC GRID PROJECTS
The Department of Energy''s (DOE) Loan Programs Office (LPO) is working to support deployment of grid-related solutions in the United States to facilitate the transition to a clean energy economy. LPO can finance grid-related
Eos Energy secures $303M loan guarantee
This story comes from our partner, 90.5 WESA. The U.S. Department of Energy announced this week a $303.5 million loan guarantee to a New Jersey energy company with
ARENA funding for 2 renewable energy storage projects
ARENA has also announced $422,582 in funding for AGL Energy to investigate the viability of retrofitting the Torrens Island Power Station B in South Australia with thermal energy storage technology. The study will test the feasibility of repurposing electricity infrastructure to be powered by renewable-powered electricity and energy storage.
4.5GWh of batteries at proposed Philippines solar-plus
The country''s first-ever co-located solar and storage plant went online earlier this year. Meanwhile, the Southeast Asian subcontinent''s largest single-site battery storage project to date is a 45MW/136.24MWh facility at a
Eos DOE loan, UBS AI platform, Solar and steel
Hybar, a startup building a mini steel mill in the Arkansas city of Osceola, is the off-taker for a 105MW solar PV installation paired with a 160MWh battery energy storage system (BESS) spanning 500 acres adjacent to the rebar plant. The renewable energy project is being developed by Green & Clean Power (GCP), a sister company to the
Sri-Lanka''s first grid-scale battery storage project
ADB said yesterday (25 November) that the US$200 million loan will fund the Power System Strengthening and Renewable Energy Integration Project, which includes the deployment of the South Asian
DOE Announces $289.7 Million Loan Guarantee to
The loan guarantee will finance the deployment of up to 1,000 solar photovoltaic (PV) systems and battery energy storage systems (BESS) located primarily at commercial and
DOE''s billion dollar bet: The largest-ever loan supporting long
For years, the U.S. Department of Energy (DOE) has championed the potential of advanced compressed air energy storage (A-CAES), and now the feds are putting a whole bunch of money where their mouth is. Toronto-based long-duration energy storage (LDES) developer and operator Hydrostor has reached a conditional commitment for a loan guarantee of up to
Innovative Clean Energy Loan Guarantees
First, LPO offered a conditional commitment for a $504.4M loan guarantee to the Advanced Clean Energy Storage Project, which would be a first-of-its-kind clean hydrogen production and storage facility capable of providing
Feds offer $305M loan for ''Project IceBrick,'' a cold thermal energy
The U.S. Department of Energy''s (DOE) Loan Programs Office (LPO) has financed more than $88 billion of innovative large-scale energy projects to date, casting a far-reaching net across a wide range of technologies from coast to coast, in hopes of hauling in a few winners that will spur the energy transition along.. Deemed the "Biden Energy Slush Fund" in
CONCENTRATING SOLAR PROJECTS | Department of
By integrating thermal energy storage, two of these projects brought the first utility-scale "nighttime solar" to the U.S. The lessons learned from these projects will help provide valuable insights in how to finance, construct, and operate
DOE offers US$1.76 billion to Hydrostor for A-CAES project
A rendering of Hydrostor''s Willow Rock Energy Storage Centre. (LPO) has made a conditional commitment for a loan to long-duration energy storage (LDES) developer and operator Hydrostor of up to US$1.76 billion. If finalised, the loan would be used to help fund the Willow Rock Energy Storage Centre, a 500MW/4,000MWh, 8-hour advanced
Texas Moves Forward with $5.38B in Loans for 10 GW
Texas is making significant strides to boost its energy security. On Aug. 29, it approved $5.38 billion in loans for 17 new dispatchable power projects. The gas power projects, totaling 9,781 MW
ADB loan for 396MWh solar and storage portfolio in Thailand
The eight standalone solar PV plants total 393MW of capacity while the solar and storage plants amount to 296MW of solar and 396MWh of BESS. The projects are being developed by Gulf Renewable Energy Company Limited, a subsidiary of independent power producer (IPP) Gulf Energy Development Public Company Limited (Gulf) one of the largest
Bank investment provides significant boost to UK battery storage
Once complete the Sheaf Energy Park, located on the former home of a thermal power station, will be one of the largest standalone battery storage projects in the country. The investment strongly aligns with the Bank''s net zero mandate, helping to provide the energy storage necessary to support the rapid scale up of renewables, as set out in the British Energy
IceBrick virtual power plant gets $306m loan guarantee
The US Department of Energy''s (DOE) Loan Programs Office has granted a loan guarantee of up to $305.54 million to finance Project IceBrick, a virtual power plant (VPP) consisting of up to 193 cold thermal energy storage installations at
Project Hestia
Project Hestia will make distributed energy resources — including residential rooftop solar, battery storage, and virtual power plant-ready, the Department of Energy announced the closing of a $3 billion partial loan guarantee to
US DOE offers US$2.5 billion loan to Wisconsin
Earlier this month, the DOE and LPO announced a conditional commitment to thermal energy storage startup Nostromo Energy subsidiary IceBrick Energy for a loan of up to US$305.54 million for the company''s
Nostromo gets USD 305m loan guarantee for ice-based energy storage
If approved, the proposed loan will go for Project IceBrick, a virtual power plant consisting of up to 193 cold thermal energy storage (TES) installations at commercial buildings across the state, representing the potential equivalent of 170 MW/450 MWh of behind-the-meter, or on-site, storage capacity.
DOE offers US$1.76 billion to Hydrostor for A-CAES project
The US Department of Energy''s (DOE) Loan Programs Office (LPO) has made a conditional commitment for a loan to long-duration energy storage (LDES) developer and
EIB approves $327M loan for Canary Islands pumped storage project
The Salto de Chira power plant will have an installed power capacity of 200 MW and an energy storage capacity of 3.5 GWh. Work kicked off on the project in 2022 and is expected to last at least 70 months.
BUSINESS MODELS AND FINANCING INSTRUMENTS IN THE SOLAR ENERGY
range of energy solutions including design and implementation of energy savings projects, retrofitting, energy conservation, energy infrastructure outsourcing, power generation, energy supply, and risk management Equated Monthly Installment (EMI) It is the monthly amount one must pay his or her lender to repay a loan or debt
Arevon Secures $1.1 Billion Financial Close for Eland 2 Solar-plus
NEW YORK and SCOTTSDALE, Ariz. (February 22, 2024) – Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, today announced it has secured more than $1 billion in aggregate financing commitments for its Eland 2 Solar-plus-Storage Project in Kern County, California.The 374 megawatt (MWdc) solar project coupled with 150
Feds offer $305M loan for ''Project IceBrick,'' a cold
The U.S. Department of Energy''s (DOE) Loan Programs Office (LPO) has financed more than $88 billion of innovative large-scale energy projects to date, casting a far-reaching net across a wide range of
Feds offer $305M loan for ''Project IceBrick,'' a cold thermal energy
Project IceBrick is a virtual power plant of up to 193 cold thermal energy storage installations in commercial buildings across California.
US Energy Department $290m loan guarantee for Sunwealth virtual power plant
Arizona''s largest energy storage project closes $513 million in financing In the USA, the 1,200 MWh Papago Storage project will dispatch enough power to serve 244,000 homes for four hours a day with the e-Storage SolBank high-cycle lithium-ferro-phosphate battery energy storage solution. Recurrent Energy, a subsidiary of Canadian Solar Inc
Sector Spotlight: Energy Storage
In June 2022, DOE announced it closed on a $504.4 million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah — marking the first loan guarantee for a new clean energy technology project
India''s First Commercial Utility-Scale Battery Energy
BESS, a key enabler for energy transitions, is crucial for India and other countries to realize their transition goals. Located at a high demand sub-station, the project will improve the power quality and enable 24/7 reliable
EIB approves loan for construction of Salto de Chira
The European Investment Bank has approved a €300 million loan to finance the construction of the Salto de Chira pumped-storage hydroelectric power plant being built by Red Eléctrica in Gran Canaria. are
Turtle Creek battery plant to expand clean energy storage | 90.5
The U.S. Department of Energy has issued a $303.5 million loan authorization to New Jersey-based Eos Energy Enterprises, which has manufacturing facilities in Turtle Creek, Pa.