Renewable energy companies such as Nostromo Energy, Intersect Power, WAVJA, CPS Energy, Coreshell, among others, announced their deals.
Nostromo Energy’s DOE Loan for Thermal Storage
Nostromo Energy secured a $305.5 million loan guarantee from the U.S. Department of Energy to deploy its IceBrick thermal energy storage system in up to 193 California commercial buildings. The project will reduce grid strain, lower emissions, and cut cooling costs, potentially avoiding 500,000 tons of CO2 emissions. It also promises over 200 jobs and improved energy reliability in underserved communities.
Intersect Power Partners with Google and TPG
Intersect Power is collaborating with Google and TPG Rise Climate to co-locate renewable energy generation with data centers. This $20 billion initiative will power data centers with clean energy, reduce grid burdens, and spur rural economic growth through job creation and tax revenues.
WAVJA’s Photon Energy System (PES)
WAVJA introduced the Photon Energy System, which converts indoor lighting into renewable energy with efficiencies 13.8 to 51 times higher than traditional solar power. The modular PES provides a consistent, scalable clean energy source, ideal for indoor environments like offices and hospitals, especially in areas prone to extreme weather.
CPS Energy and OCI Energy’s Alamo City ESS
A 120 MW / 480 MWh battery energy storage system in Texas aims to enhance grid stability, support renewable energy integration, and contribute to community benefits. Scheduled for operation by 2026, it aligns with CPS Energy’s Vision 2027 and increases their contracted storage capacity to 520 MW.
Coreshell’s Silicon-Based Battery Innovation
Coreshell Technologies unveiled 60 Ah battery cells using 100 percent domestically sourced silicon, delivering tenfold capacity increases over graphite anodes. These batteries reduce costs by 50 percent and carbon emissions by 29 percent, offering a sustainable and cost-effective solution to drive EV adoption.
EVLO’s California Grid Project
EVLO Energy Storage has delivered a 12 MW / 64 MWh system for California’s grid, enabling solar integration, peak shaving, and grid services like frequency regulation. Set for commissioning by 2025, the project supports California’s goal of 52 GW of battery storage by 2045 and expands EVLO’s presence in North America.
These advancements underscore the battery sector’s pivotal role in renewable energy growth, grid reliability, and clean transportation, contributing to global efforts to achieve sustainable energy and emission reduction targets.