DOE Invests $2.4 Million for Next-Generation Energy Storage Technologies

March 23, 2022

Today, the U.S. Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) announced $2.4 million in funding for three projects to advance novel thermal and hydrogen energy storage technologies toward increased duration, reliability and affordability. The technologies will initially support transitioning of existing fossil assets to low carbon energy systems, with the long-term potential to support the Biden-Harris Administration’s goal of a fully decarbonized electricity grid by 2035.

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