Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
Sep 19, 2024 11:01 CESTThe US Department of Energy (DOE) on Tuesday announced USD 63.5 million (EUR 59.3m) to aid the commercialisation of four innovative clean energy technologies, including thermal battery.
Antora Energy has been selected to begin award negotiations for up to USD 14.5 million to scale up production of its thermal battery technology, which is charged by renewable energy and delivers on-demand heat and power for industrial facilities.
Andrew Ponec, co-founder and CEO, said the funding will enable Antora to expand its thermophotovoltaic (TPV) manufacturing capacity and accelerate the launch of its combined heat and power product.
The awards come from the Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) programme, which provides new funding to projects that have de-risked their technology and charted a viable route to commercial deployment.
The four selected projects also include Ion Storage Systems, which will work to support domestic manufacturing of next-generation solid-state lithium-metal batteries and accelerate their commercialisation into the electric vehicle market. The other two projects are delivered by AeroShield Materials and Queens Carbon, and are focused on aerogels for energy-efficient insulated glass units and cement decarbonisation, respectively.
“By catalysing the commercialisation of promising technologies, we are empowering the private sector to go all in to boost American manufacturing, strengthen national security and ensure our competitive edge,” said US Secretary of Energy Jennifer Granholm.
(USD 1 = EUR 0.933)
Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
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