Bureau or Account: Energy Efficiency and Renewable Energy

Funding amount: $10,000,000

Period of Availability: Available until expended

Funding Mechanism: Cooperative Agreement

New Program: Yes

Recipients: Electric utilities, State Energy Offices, Tribes, Institutes of Higher Education, or consortium thereof

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.

Next Milestone: Estimated application opening date, TBD