The Energy Department hopes to better leverage department-wide expertise to spur advances in energy storage, drive them into the market and ensure U.S. industry reaps the benefits.
Why it matters: Storage improvements are important for bringing high levels of renewables onto power grids and improving the performance and cost-competitiveness of electric vehicles, among other benefits.
Driving the news: Today, DOE is rolling out the "Energy Storage Grand Challenge."
DOE hopes to "create and sustain global leadership in energy storage utilization and exports, with a secure domestic manufacturing supply chain that does not depend on foreign sources of critical materials, by 2030," a summary states.
It has five big goals over the next decade, per the summary:
The other side: DOE and the Trump administration have also more broadly sought to bolster federal support for incumbent fossil fuel technologies, including coal-fired power, that compete with renewables and electric vehicles.
By the numbers: It's not clear how much will be spent specifically on the new program.
But Love said DOE's fiscal year 2020 spending on storage initiatives overall should be consistent with the average of roughly $400 million annually over the last three fiscal years. She declined to speculate on funding in subsequent years.
View all SMART GRID Bulletins click here
14 September 2020
15 September 2020