The Department of Energy's Loan Programs Office on Tuesday made a conditional commitment to provide up to $504.4 million in loan guarantees for the massive Advanced Clean Energy Storage hub in Utah.
Why it matters: The project aims to develop 100 metric tonnes of green hydrogen per day, which would then be stored in two enormous salt caverns, each capable of storing 150 gigawatt-hours (GWh) of energy. In short: gigantic, long-duration energy storage.
