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WASHINGTON — The U.S. Department of Energy said on Wednesday it has finalized a $504.4 million loan guarantee to help finance the world’s largest storage…
WASHINGTON (Reuters) - The U.S. Department of Energy said on Wednesday it has finalized a $504.4 million loan guarantee to help finance the world's la...
Utah project claimed as largest green hydrogen storage hub planned globally will get loan funding from the US Department of Energy.
California’s inclusion of US$380 million financial support for long-duration energy storage projects could “activate” up to 20 projects in the US state, which has a “tremendous need” for energy storage.
Published: 12 May 2021, 08:36 By: Mitsubishi Power's M501JAC hydrogen-enabled gas turbine. Image: Mitsubishi Power. A massive “green hydrogen hub” adjacent to a coal power plant in Utah could get over half a billion dollars in US government loans to support its development. Targeting the use of renewable energy-generated hydrogen as very long-duration or seasonal energy storage, the Advanced Clean Energy Storage Project would pair more than 1,000MW of hydrogen electrolysers with giant salt caverns that could each store more than 150GWh of dispatchable energy capacity meaning...