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