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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

Green Car Congress

The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability. ACES Delta is a joint venture between Mitsubishi Power Americas and Magnum Development.

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Heating Buildings With Solar Energy Stored in Sand

Cars That Think

In a region known for long, dark winter nights, Polar Night Energy is building a system in the city of Tampere that can heat buildings with stored solar energy — all day, all night, and all winter long. These initiatives have largely focused on renewable electric power generation, distribution, and storage.

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“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

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Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Project VGV uses surplus electricity generated by renewable and nuclear sources to produce hydrogen via electrolysis.

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PowerCell and partners begin power-to-gas pilot study; hydrogen from excess renewable electricity

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The Västra Götalandsregionen is financing the feasibility study. Hydrogen is produced via electrolysis using the excess renewable electricity; the hydrogen can then be used in a fuel cell to generate new electricity and heat when needed. Byproducts of the process are heat and oxygen; these can be used.

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DOE issues draft loan solicitation for up to $4B for renewable energy and energy efficiency projects; drop-in biofuels a key area

Green Car Congress

The US Department of Energy (DOE) issued a draft loan guarantee solicitation for renewable energy and energy efficiency projects located in the US that avoid, reduce, or sequester greenhouse gases. Within the draft solicitation, the Department has included a sample list illustrative of potential technologies for consideration.

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Porsche opens first Charging Lounge

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The charging processes use power from certified renewable sources. If the number plate is stored in the Porsche ID, the barrier opens for the driver using automatic number plate recognition. The car’s registration number can be stored in the MyPorsche app. By the start of next year, 400 kW per charging point should be possible.

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Munich Re insuring battery performance; stationary first, EVs in second phase

Green Car Congress

It will also become easier to obtain project financing, because the maximum costs for any warranties are capped by the insurance cover. The product makes it significantly easier for manufacturers to ramp up deployment of battery capacities, thus making renewable energy more dependable and widely available.

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