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Energy Storage Projects in New York and Texas Get Boost

September 8, 2022

New York Gov. Kathy Hochul announced on Sept. 8 that $16.6 million had been awarded to five long-duration energy storage projects in her state. She also said an additional $17 million in competitive funding was available for projects that “advance development and demonstration of scalable innovative long-duration energy storage technologies, including hydrogen.”

Meanwhile, Qcells USA Corp. announced its closing of a $150 million corporate revolver to support in part its construction of the Cunningham Energy Storage Project in Texas, as well as other projects in its 13-GW pipeline.

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