From pv journal USA
Nostromo Power, a chilly power storage developer, obtained discover from the Mortgage Applications Workplace (LPO) of the DoE to submit an software to advance a $189 million mortgage to finance the deployment of a 275 MWh IceBrick storage initiatives in 120 buildings in California and numerous states. .
The mortgage assure from the DoE will assist Nostromo Power’s power storage-as-a-service (ESaaS) options for the deployment of behind-the-meter, modular chilly power storage initiatives to business and industrial clients.
The invitation to submit a Half II DoE mortgage software implies that the federal government mortgage workplace has decided that Nostromo Power’s proposed mission is revolutionary, reduces greenhouse gasoline emissions, and meets the technical eligibility necessities below Half I of the appliance. If accepted, the DoE mortgage will assist Nostromo Power deploy greater than 275 MWh of chilly storage dispatch techniques in a community of 120 business buildings.
Nostromo Power has retained funding financial institution Independence Level Securities to safe an undisclosed fairness increase to fund the deployment of the 120-building portfolio. Its IceBrick techniques are managed by way of the Cirrus cloud-based power administration system and act as a digital energy plant, offering flexibility to the wants of the native energy grid.
The chilly dispatch storage product supplies the lithium-ion equal of 8 kWh to 12 kWh of prevented power. The IceBrick cell has a 92% thermal round-trip effectivity over an approximate four-hour supply cycle.
To proceed studying, please go to our pv journal USA web site.
This content material is protected by copyright and is probably not reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: [email protected].
