The US Department of Energy has offered a $17.1 million loan guarantee to AES Energy Storage to build a 20 MW grid energy storage system in Johnson City, NY using A123SYSTEM'S Lithium Ion Batteries. The system will use A123's batteries and management software to take energy from the grid when there is a large supply and returning the energy when there is demand. The storage system will replace traditional methods of smoothing out grid demands by fossil fuel combustion.
The Johnson City project is the second of its kind for New York State as Beacon Power has recently started constructing the first flywheel grid energy storage plant in Stephentown, NY.
For more information on the AES Energy Storage project visit http://earth2tech.com/2010/08/02/latest-doe-loan-guarantee-a123-battery-project-for-grid-storage/.
For more information on the Beacon Power project see our August 9th blog post at http://cleantechny.blogspot.com/2010/08/beacon-power-to-establish-worlds-first.html.