Pennsylvania’s Department of Community and Economic Development recently announced the approval of $6.5 million for clean energy investments. The funds, which are to be distributed as grants and project loans, are meant to help leverage some $40 million in private investments statewide.
The money will go to 13 different projects throughout the state. Department officials estimate that the investments will result in a $127,000 yearly reduction in energy bills for the state’s consumers, municipalities and businesses. Smaller sums will go to smaller projects like a geothermal system in a single family’s or a 750 kilowatt wind turbine for a dairy farm. There are two larger endowments of note, though.
A $2 million grant will be going to Power Source, LLC, for the research and development of a sodium sulfur battery that is meant to have six times the energy storage capacity and roughly eight times the life span of a standard lead acid battery. These batteries would be designed toward meeting large-scale energy storage needs of the renewable energy production sector at large. The total cost of the project is over $25 million. The state’s $2 million investment leverages over $23 million of private investment from Power Source..
Pennsylvania State University is going to see $1 million of the funds for the design, procurement and installation of smart grid research and development facilities at the Philadelphia Navy Yard.This project is set to conduct research on the interaction of buildings, renewable energy, energy storage and electric vehicles with the grid. The total project cost is $5 million.