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DOE invests US$7.6 million to develop energy storage projects


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The U.S. Department of Energy (DOE) has selected 29 projects to receive nearly US$7.6 million in federal funding for cost-shared research and development. The projects will advance energy storage technologies under the Funding Opportunity Announcement (FOA) DE-FOA-0002332, ‘Energy Storage for Fossil Power Generation’.
Energy storage combined with fossil energy assets offers a suite of benefits to asset owners, the electric grid, and society. These benefits include more reliable and affordable energy, a cleaner environment, and stronger power infrastructure. These projects will accelerate the development of technology options to manage the energy transition underway to decarbonise and increase the flexibility of fossil power generation and support the grid of the future with increasing variable renewable generation. ....

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