DOE lends $60 million for grid storage systems, but can the technology give a positive return?

AES, one of the world's largest electricity producers and distributors, received a conditional commitment for a $17.1 million loan from the U.S. Department of Energy (DOE) to construct a 20 MW power storage system in Johnson City, New York, to provide frequency regulation services. A123 Systems will...

This research is archived and therefore no longer available. For further assistance please contact your Customer Success Manager or email Thank you!

Related Research

E-Zinc raises $2.3 million from BDC Capital to support pilot projects

News Commentary | January 28, 2021

Despite being an early‑stage energy storage developer, E‑Zinc has received significant investment to support deployment. The company received government funding last year to complete an installation in California by 2022. Zinc‑air batteries have a low installed storage cost of approximately $100/kWh... Not part of subscription

Highview Power raises $70 million, with 4 GWh in project pipeline

News Commentary | February 22, 2021

Concluding a year of fundraising, Highview Power adds additional investment after Sumitomo Heavy Industries' $46 million contribution in February 2020. The remaining sources of investment were private investors. The funds will be used to scale up the technology and support deployment of further ... Not part of subscription

Can long-duration energy storage survive a SPAC?

Case Study | April 02, 2021

Eos Energy is one of the few long‑duration energy storage developers directly going after Li‑ion stationary storage, claiming lower costs and higher safety. Li‑ion batteries regularly hold 98% to 99% market share in regions utilizing stationary storage. Opportunities for long‑duration energy storage... Not part of subscription