OCED Director David Crane announces nearly $350 million funding opportunity for Long-Duration Energy Storage Demonstrations at the 57th EEI Financial Conference
OCED

Office:  Office of Clean Energy Demonstrations  
FOA number:  DE-FOA-0002867 
Access the FOA:  OCED eXCHANGE 
FOA Amount:  nearly $350 Million 

Background Information  

On Nov. 14, 2022, U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) issued a Funding Opportunity Announcement (FOA) for up to $350 million for emerging Long-Duration Energy Storage (LDES) demonstration projects capable of delivering electricity for 10-24 hours or longer. This FOA seeks LDES demonstration projects that will validate new technologies, enhance the capabilities of customers and communities to integrate grid storage more effectively, and sustain American global leadership in energy storage. DOE will provide financial assistance through cooperative agreements to fund up to 50 percent of the cost of each project with the intent to catalyze impactful LDES demonstrations. The program aims to fund projects that will overcome the technical and institutional barriers that exist for full-scale deployment of LDES systems with a focus on a range of different technology types for a diverse set of regions. 

Eligibility 

Eligible applicants include individuals, institutions of higher education, for-profit and non-profit organizations, state and local governments, and Tribal Nations. 

Download the full funding opportunity for more information on eligibility. 

Topic Areas  

This funding opportunity has two topic areas: 

  1. Lithium Based Energy Storage Systems 
  2. Non-Lithium Based Energy Storage Systems 

Funding  

OCED expects to make up to 11 awards between $9.5-70M each with a minimum of a 50% cost-sharing from the awardees. 

Additional funding opportunities may follow this announcement to validate and accelerate commercialization of LDES technologies. 

Key Dates 

Funding Opportunity Announcement Issue Date: 

11/14/2022 

Submission Deadline for Letter of Intent 

12/22/2022 by 5 p.m., ET 

Submission Deadline for Full Applications: 

3/3/2023 by 5 p.m., ET 

Expected Date for Selection Notifications: 

Summer 2023 

Expected Timeframe for Award Negotiations: 

Fall 2023 

Additional Information