Biden-Harris Administration Announces $325 Million for Long-Duration Energy Storage Projects to Enhance Grid Resilience and Protect American Communities!
The U.S. Department of Energy (DOE) has announced $325 million in funding for long-duration energy storage projects to enhance grid resilience and protect communities. The funding, from the Biden Infrastructure Law, will support 15 projects across 17 states and one Tribal nation to mitigate the risks of grid outages caused by extreme weather events.
The funding will help the DOE meet its target of lowering the costs of long-duration energy storage by 90% by 2030, and advance the Biden administration’s clean energy and energy security agenda. The projects encompass a range of technologies, including repurposed electric vehicle batteries for energy storage and backup power supplies for hospitals.
This marks an important step towards commercialization of long-duration energy storage, which will require sustained public and private investment to enable widespread deployment.
