The DOE is making money available to promote long-duration energy storage solutions that can power the grid in the future.
won funding for its first US project for three of Wisconsin’s largest utilities.last year. Its CEO and inventor, Claudio Spadacini, says it is a closed system that uses excess renewable energy to compress carbon dioxide until it is condensed into a liquid. The heat from this compression is captured and stored to be used again later.
“The CO₂ battery is fully sustainable and fully recyclable,” he says. “We just use steel to produce the CO₂ battery and we use water only once to fill our water tank. We do not use water during the operation of the CO₂ battery and we just use a small amount of CO₂ to charge the battery at the beginning without any consumption of CO₂ during the operation.”won the only award for storage that can discharge for multiple days straight.
The Bipartisan Infrastructure Law calls for a 50/50 cost share on these projects, meaning the DOE will only fund half. But Crane said DOE was able to stretch taxpayer dollars further. After the $325 million gets distributed, private capital will supply the remainder of the money needed to build all these projects. It is expected the final total will be close to $800 million.
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