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This long duration compressed air energy storage project just got a $1.76B DOE loan

Hydrostor’s GEM A-CAES has received a conditional loan guarantee of up to $1.76 billion from the US Department of Energy (DOE) to build the Willow Rock Energy Storage Center, a cutting-edge compressed air energy storage (CAES) system, in Eastern Kern County, California.

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New Year’s Eve blackout spotlights Puerto Rico’s ‘critical’ need for planned solar + storage

Puerto Rico solar storage

Puerto Rico kicked off 2025 with a harsh reminder of its fragile power grid. On New Year’s Eve, nearly the entire island – 90% – lost electricity, leaving over 1.3 million customers in the dark during holiday celebrations. Power was restored on January 1, but the blackout underscored an urgent need for reliable energy solutions.

In a move to help bolster Puerto Rico’s grid resilience, Convergent Energy and Power secured a conditional commitment from the US Department of Energy (DOE) Loan Programs Office for a massive solar and battery storage initiative in December. The DOE’s backing includes up to $559.4 million in loan guarantees, paving the way for Convergent to install both solar and standalone battery systems across the island.

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