May 2 (Renewables Now) - The US Department of Energy (DOE) on Tuesday said it will provide up to USD 30 million (EUR 25m) in funding for the development of long-duration energy storage on the power grid.
The funds will be available under a new Advanced Research Projects Agency-Energy (ARPA-E) programme called Duration Addition to electricitY Storage (DAYS). The project teams involved in this programme will be developing energy storage technologies capable of providing power to the electric grid for durations of 10 to about 100 hours.
The DOE said that the DAYS teams will be working on systems that are deployable in almost any location. In addition, they should be discharging electricity at a per-cycle cost target that is much lower than what is possible in systems available today.
The funding opportunity is open to thermal, mechanical, electrochemical, chemical and other storage technology choices.
(USD 1.0 = EUR 0.834)