The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

USDA awards US$2.3 billion for rural energy resiliency via T&D, renewables and storage

LinkedIn
Twitter
Reddit
Facebook
Email

The US Department of Agriculture (USDA) is putting US$2.3 billion into projects increasing energy resilience in rural communities, with two energy storage projects already shortlisted for awards, in Arizona and Nebraska.

The funding comes under the Powering Affordable Clean Energy (PACE) initiative, which is providing US$139 million for five projects using solar, storage or both.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The remaining US$2.2 billion comes directly from the Electric Infrastructure programme, primarily for transmission and distribution (T&D) investments across 39 projects in 21 states.

However, the USDA expects to continue making awards under PACE in the coming months.

Of the five winning PACE projects, three are solar-only, one involves solar and storage, and one is energy storage only.

The latter is a US$83.5 million initiative by the Trico Electric Cooperative Inc. in Arizona to expand its battery energy storage system (BESS) capacity to help provide reliable power to the growing number of people living around Tucson and the Pascua Yaqui Reservation. The co-operative utility is aiming to halve its carbon emissions by 2032.

In Nebraska, Midwest Electric Cooperative Corporation is looking to put US$17 million into financing solar and energy storage facilities in communities in Wallace, Grant, Paxton and Lakeview.

The three solar-only projects are in Colorado (US$13.4 million for La Plata Electric Association’s to increase solar energy delivery to its members), Hawaii (US$24.4 million for Kauai Island Utility Cooperative to expand solar production), and Nebraska (US$1 million for a solar facility for the Winnebago Tribe).

The funding programmes are part of the US$369 billion US Inflation Reduction Act, signed into law in August 2022 and effective 1 January 2023. The package includes direct grant funding such as PACE (and others for clean energy manufacturing, including batteries and long-duration energy storage or LDES) and tax-based incentives for upstream and downstream clean energy to increase funding for the green energy transition.

The USDA’s funding follows the Department of Energy (DOE) allocating over US$366 million for 17 clean energy projects in rural and remote areas in the US, including solar, BESS, microgrids and EV charging infrastructure.

Energy-Storage.news’ publisher Solar Media will host the 5th Energy Storage Summit USA, 19-20 March 2024 in Austin, Texas. Featuring a packed programme of panels, presentations and fireside chats from industry leaders focusing on accelerating the market for energy storage across the country. For more information, go to the website.

22 October 2024
New York, USA
Returning for its 11th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
18 March 2025
Austin, Texas
The Energy Storage Summit USA is the only place where you are guaranteed to meet all the most important investors, developers, IPPs, RTOs and ISOs, policymakers, utilities, energy buyers, service providers, consultancies and technology providers in one room, to ensure that your deals get done as efficiently as possible. Book your ticket today to join us in 2025!

Read Next

July 17, 2024
Hithium has become the latest overseas player to seek to onshore production of battery energy storage system (BESS) equipment and components in the US.
July 16, 2024
US solar PV and energy storage project developer Strata Clean Energy has signed a long-term tolling agreement for a 150MW/600MWh battery storage project in Arizona, US.
July 16, 2024
Energy storage fund investment manager Gore Street has released its full-year results, reiterating how internationalisation helped it weather falling revenues in the UK – though not enough to maintain its dividend level.
Premium
July 11, 2024
Utility Southern California Edison is considering withholding liquidated damages from Ameresco after continued delays to 537.5MW/2,150MWh BESS portfolio.
July 10, 2024
Powin will supply 880MWh of its BESS technology for a project developed by US utility DTE Energy in Michigan, US.

Most Popular

Email Newsletter