What Are Energy Storage Subsidies? → Question
Think of energy storage as a giant battery system for the power grid. Subsidies, in this context, are a way to make these “batteries” more affordable and accessible.
An export subsidy encourages firms to export rather than sell domestically. In general, an export subsidy: A) does not apply. B) discourages foreign sales in favor of domestic sales. C) penalizes producers that export. D) justifies government involvement in helping firms export. [B]
LPO can finance short and long duration energy storage projects to increase flexibility, stability, resilience, and reliability on a renewables-heavy grid. Why Energy Storage?
Manufacturing: Projects that manufacture energy storage systems for a variety of residential, commercial, and utility scale clean energy storage end uses. Deployment: Projects that deploy residential, commercial, and utility scale energy storage systems for a variety of clean energy and clean transportation end uses.
Energy storage encompasses an array of technologies that enable energy produced at one time, such as during daylight or windy hours, to be stored for later use. LPO can finance commercially ready projects across storage technologies, including flywheels, mechanical technologies, electrochemical technologies, thermal storage, and chemical storage.
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