U.S. Department of Energy Announces Selectees of $15 Million in Awards to Advance the Future of Energy Storage

The U.S. Department of Energy’s (DOE) Office of Electricity (OE) today announced the selectees of $15 million in awards at the Long Duration Energy Storage (LDES) Council Summit on April 8, 2024. These awards are through the Storage Innovations 2030: Technology Liftoff (SI Liftoff) funding opportunity announcement (FOA) to advance energy storage innovations to help deliver clean, affordable electricity to Americans when and where it is needed most.

OE selected three organizations (listed below) for their innovative ideas to tackle key R&D barriers in the domestic energy storage industry. Entities are awarded up to $5 million each for projects that (a) create research partnership to bring together two or more technology stakeholders, and (b) partner with a research institution to solve one or more pre-competitive R&D technical challenge. Projects must enable a long-duration capable (10+ hours) energy storage technology with a pathway to $0.05/ kWh Levelized Cost of Storage (LCOS) by 2030.