DOE Announces First Loan Guarantee for a Clean Energy Storage Project in Eight Years

The loan is for the long-term storage of green hydrogen at the Utah facility

June 13, 2022

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The Loans Programs Office (LPO) of the United States Department Of Energy (DoE) has closed a $504.4 million loan guarantee for an Advanced Clean Energy Storage (ACES) project in Utah. It is the LPO’s first approval in the last eight years.

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Vijayalakshmi Sridhar

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Biden Clean Energy Storage Decarbonization DOE Green Hydrogen

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DOE Announces First Loan Guarantee for a Clean Energy Storage Project in Eight Years

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