Alliant, NextEra in line for part of $325M in DoE long-duration storage funding
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Alliant Energy (NASDAQ:LNT), NextEra Energy (NYSE:NEE) and Xcel Energy (XEL) are among potential grant recipients from the Department of Energy, which plans to give a total of $325M to 15 long-duration storage projects.
The funding includes up to $286M for operating storage projects and up to $39M for six projects that will be tested at DoE's national laboratories, UtilityDive.com reported Tuesday.
The DoE said the projects will help realize its Long Duration Storage goal of lowering long-duration energy storage costs by 90% by 2030.
Alliant (LNT), WEC Energy (WEC) and Madison Gas & Electric plan to build the 200 MWh Columbia Energy Storage Project in Wisconsin, which would be the first commercial scale project demonstrating a closed-loop carbon dioxide-based energy storage system; Alliant said the project is in line to receive $30M from DoE.
The Front-of-the-Meter Utilization of Zinc Bromide Energy Storage project includes several 10-hour projects at existing renewable energy facilities owned by NextEra (NEE) in North Dakota, Oregon and Wisconsin; if successful, there is a "high replication" potential across future NextEra renewable projects, DoE said.
Xcel (XEL) said previously it could receive $70M from the DoE for the Multiday Iron Air Demonstration, which calls for deploying two long duration Form Energy systems at two of Xcel's retiring coal-fired power plants in Minnesota and Colorado.

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