Clean Energy and Power
Pumped Storage Hydropower Wind and Solar Integration and System Reliability Initiative
Agency NameDepartment of Energy
Funding Amount$10,000,000.00
Bureau Name
Energy Efficiency and Renewable Energy
Funding Mechanism
Cooperative Agreement
New?
Yes
Funding Mechanism
Cooperative Agreement
Funding Amount Notes
Period of Availability
$2 million per year for each of fiscal years 2022 through 2026.
Recipients
Electric utilities, State Energy Offices, Tribes, Institutes of Higher Education, or consortium thereof
Program Description
To provide financial assistance to eligible entities to carry out project design, transmission studies, power market assessments, and permitting for a pumped storage hydropower project to facilitate the long-duration storage of intermittent renewable electricity.
Eligible Uses
To be eligible for financial assistance, a project shall--(i) be designed to provide not less than 1,000 megawatts of storage capacity;(ii) be able to provide energy and capacity for use in more than 1 organized electricity market;(iii) be able to store electricity generated by intermittent renewable electricity projects located on Tribal land; and (iv) have received a preliminary permit from the Federal Energy Regulatory Commission.
sam.gov link
https://sam.gov/fal/3f75036824054409bfe2bcf24b45d8f2/view
Statutory Location
40334
Federal Cost Share Requirement
Matching funds equal to or greater than the amount of financial assistance provided.