Another edition of our irregular news in brief feature: Eos Energy Enterprises closes a US Department of Energy loan deal, UBS picks an AI-driven asset optimiser and financial close for a solar-plus-storage project at an Arkansas steel rebar plant.
Progress on another US Department of Energy (DOE) loan for the battery sector has been announced, this time by NeoVolta, the third in the space of a week since the US election.
Li-Cycle has finalised a loan of nearly half a million dollars to with the DOE’s Loan Programs Office (LPO) scale up its battery recycling facilities in the US, with the near-term direction of the LPO under a Trump administration likely to change.
A company that makes 3D-printed concrete anchors and foundations for marine energy projects has been awarded US government funding for its subsea pumped hydro energy storage (PHES) technology.
The first pumped hydro energy storage (PHES) project to be built at a former coal mine in the US will receive up to US$81 million in Department of Energy (DOE) funding.
Developer and IPP Elevate Renewables will deploy a grid-forming BESS at a fossil fuel peaker plant in Connecticut, US, with US$27.5 million from the Department of Energy (DOE).
The US Department of Energy (DOE) will guarantee a loan from U.S. Bancorp Impact Finance for a project pairing 15MW of solar PV with 70MWh of long-duration energy storage (LDES) on Tribal Lands in California.
Stanford University and Argonne National Laboratory will lead R&D efforts in emerging battery and energy storage technologies funded by the US Department of Energy (DOE).
