What is the Willow rock energy storage center loan guarantee?

Once finalized, the loan guarantee will help to fund the Willow Rock Energy Storage Center, a 500 MW advanced compressed air energy storage (A-CAES) project to be built in Rosamond, California, that will provide more than eight hours of back-up power to California’s grid.

How will a loan guarantee help build the world's largest hydrogen storage facility?

The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability.

When did PG&E apply for DOE energy infrastructure reinvestment program?

PG&E submitted its application to under the DOE’s Energy Infrastructure Reinvestment (1706) Program in mid-2023. DOE Announces $15 Billion Loan Guarantee to Pacific Gas & Electric Company to Expand Hydropower Generation, Battery Energy Storage, and Transmission | Department of Energy

Will PG&E get federal funding for energy projects?

Projects span PG&E’s service area The federal financing would pay for planned projects that are intended to enhance California's energy infrastructure, help ensure reliability, and support distributed energy resources including battery storage and electric vehicles, while lowering costs for customers.

When will Hydrostor's Willow rock energy storage center be built?

Hydrostor’s Willow Rock Energy Storage Center is currently under permitting review with the California Energy Commission, with construction expected to begin in 2025 for commissioning in 2030.

What is the energy storage Grand Challenge?

The Energy Storage Grand Challenge includes funding opportunities from participating offices at the U.S. Department of Energy. Bipartisan Infrastructure Law Section 41006. Water Power Projects: Innovative Technologies to Enable Low Impact Hydropower and Pumped Storage Hydropower Growth Bipartisan Infrastructure Law Section 41006.