From pv journal USA
Nostromo Power, a chilly vitality storage developer, has obtained discover from the Mortgage Packages Workplace (LPO) of the DoE to submit an software to advance a $189 million mortgage to finance the deployment of a 275 MWh IceBrick storage tasks in 120 buildings in California and varied states. .
The mortgage assure from the DoE will help Nostromo Power’s vitality storage-as-a-service (ESaaS) options for the deployment of behind-the-meter, modular chilly vitality storage tasks to business and industrial prospects.
The invitation to submit a Half II DoE mortgage software implies that the federal government mortgage workplace has decided that Nostromo Power’s proposed mission is progressive, reduces greenhouse gasoline emissions, and meets the technical eligibility necessities below Half I of the applying. If authorized, the DoE mortgage will assist Nostromo Power deploy greater than 275 MWh of chilly storage dispatch methods in a community of 120 business buildings.
Nostromo Power has retained funding financial institution Independence Level Securities to safe an undisclosed fairness increase to fund the deployment of the 120-building portfolio. Its IceBrick methods are managed by the Cirrus cloud-based vitality administration system and act as a digital energy plant, offering flexibility to the wants of the native energy grid.
The chilly dispatch storage product offers the lithium-ion equal of 8 kWh to 12 kWh of prevented vitality. The IceBrick cell has 92% thermal round-trip effectivity over an approximate four-hour supply cycle.
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