The versatility of battery storage to provide a broad range of services makes them “particularly valuable” to virtual power plants (VPPs), according to a senior advisor to the US Department of Energy (DOE).

The US Department of Energy (DOE) has earmarked up to US$3.5 billion of new capital for battery manufacturing, a week after European gigafactory company Freyr announced it would only be scaling in the US for now.

Energy-Storage.news speaks with US Department of Energy Loan Programs Office head Jigar Shah in the second part of our exclusive interview.

A US$10.5 billion programme to “strengthen grid resilience and reliability” across the US includes funding for microgrids and other projects that will integrate battery storage technologies.

Jigar Shah, the clean energy industry veteran leading the US Department of Energy Loan Programs Office, speaks with Energy-Storage.news.

The US Department of Energy (DOE) has shortlisted the projects to receive US$325 million for long-duration energy storage (LDES), with technology providers including Energy Dome, Invinity, Form Energy and Redflow.

US DOE Loan Programs Office has invited Nostromo into due diligence and terms sheet negotiations for a loan worth up to US$176 million.

The US Department of Energy will commit US$30 million in new awards and funding opportunities for energy storage solutions.

The US Department of Energy (DOE) will commit US$192 million in funding towards advancing battery recycling technologies.

Vertically integrated US energy storage company Kore Power has received a conditional commitment from the US Department of Energy (DOE) for a $850 million loan for its Arizona gigafactory.