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