Skip to content

Press Releases

Nostromo Energy Secures $305M Conditional Commitment from DOE

Nostromo will use funds to deploy its IceBrick thermal energy systems in 193 commercial buildings across California

Nostromo Energy / PR Newswire

9 Dec 2024

Irvine, California, December 9, 2024—Nostromo Energy, provider of the IceBrick® system, a virtual power plant (VPP)-enabled thermal energy storage solution for commercial and industrial buildings, announced today that it has received a conditional commitment for a loan guarantee of up to $305.5 million from the U.S. Department of Energy's (DOE) Loan Programs Office (LPO). The proposed financing would be used by Nostromo for Project IceBrick® – the first, wide-scale deployment of Nostromo’s technology to reduce costs, emissions, and grid strain related to electricity for commercial cooling. Continue reading here


Related Blog Posts

BLOGS

Only Technology can Solve the Climate Crisis

Only Technology can Solve the Climate Crisis

SPECIAL REPORT: Israeli start-up, Nostromo have developed a sustainable energy storage system in a bid to tackle climate change. Sustainability Editor, DELA AHIAWOR interviews Yaron Ben-Nun, Founder and CTO at Nostromo Energy.

Dela Ahiawor

13 Dec 2021