- The DOE has provided a$17.9 million funding for the development of energy storage systems.
- The DOE also provided $9 million for the provision of battery technologies to underserved and frontline communities.
The U.S. Department of Energy (DOE) has announced a $17.9 million funding for four research and development projects to scale manufacturing of flow battery and long-duration storage systems. The DOE also announced a $9 million support for the Energy Storage for Social Equity Initiative to enable up to 15 underserved and frontline communities to leverage energy energy storage systems to reduce energy costs.
Th DOE believes that both funding will help to expand the addition of energy storage to the grid, deliver affordable electricity to disadvantaged communities, and help reach the Biden Administration’s goal of net-zero carbon emissions by 2050. “We’re moving at lightning speed to harness renewables, and access to long-duration storage is critical for dispatching this clean energy for use whenever and wherever it’s needed,” said Secretary of Energy Jennifer M. Granholm. “DOE’s investment to boost battery storage technology coupled with our first-ever Energy Storage for Social Equity Initiative will help generate jobs, build more resilient communities and ensure a cleaner, healthier environment for all Americans,” she added.