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Deploying Novel energy storage system for building decarbonization

Modular cold energy storage projects are in line for a DOE-supported loan for the installation of a 120-building energy storage portfolio in California and various other states.

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MICHAEL SCHOECK, PV MAGAZINE USA

4 Jan 2023

Nostromo Energy, a cold energy storage developer, received notice from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) to submit an application to proceed with a $189 million loan to fund the deployment of 275 MWh IceBrick storage projects across 120 buildings in California and various states.

The loan guarantee from the DOE would support Nostromo’s energy storage-as-a-service (ESaaS) solutions for the deployment of behind-the-meter, modular cold energy storage projects to commercial and industrial customers. Read more