Technical invention award energy storage

What is the Energy Storage Innovations prize?

The Energy Storage Innovations prize also supports the Energy Storage Grand Challenge and Long Duration Storage Shot. These initiatives aim to reduce by 2030 the cost of grid-scale energy storage by 90% for systems that deliver 10 or more hours of electricity.

What is the American-made Energy Storage Innovations prize?

WASHINGTON, D.C. — The U.S. Department of Energy’s (DOE) Office of Electricity (OE) today announced the ten winners of the inaugural American-Made Energy Storage Innovations Prize. The American-Made Challenge calls for solutions to grid-scale energy storage. The prize is $300,000.

Are energy storage technologies more cost effective and ready for commercialization?

Through investments and ongoing initiatives like DOE’s Energy Storage Grand Challenge —which draws on the extensive research capabilities of the DOE National Laboratories, universities, and industry—energy-storage technologies are now more cost effective and ready for commercialization.

How much do you get for storage innovations?

Of the ten winning teams, OE announced five “Storage Innovations Champions” to receive $50,000 each and five “Storage Innovations Finalists” to receive $10,000 each. These finalists represent an essential part of our country’s innovative minds.

Why is energy storage important?

“Energy storage bolsters system reliability and enables every American to benefit from abundant and affordable clean energy. These consortia will accelerate the race to achieve the Long Duration Storage Shot, fulfilling the promise of next-generation energy storage technologies for the benefit of the American people.”

Why do we need energy storage funding?

“These funding opportunities help propel the future of energy storage and deliver cost-effective solutions for our nation’s electricity needs” said Gene Rodrigues, Assistant Secretary for Electricity. “Energy storage bolsters system reliability and enables every American to benefit from abundant and affordable clean energy.