DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project
Green Car Congress
JUNE 11, 2022
The US Department of Energy (DOE) closed on a $504.4-million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014. 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.
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