The U.S. Department of Energy (DOE) Grid Deployment Office and the Office of Clean Energy Demonstrations  issued the second round of funding for the Grid Resilience and Innovative Partnerships Program (GRIP). The DOE is looking to leverage funding to unlock transformative projects that invest in power system infrastructure to enhance reliability, all-hazards resilience, and efficiency of the electric grid— all features KORE Power energy storage solutions can provide.

Specifically, GRIP round 2 funding will aim to:
 

1. Transform the U.S. electric grid at the transmission and distribution levels by increasing resilience in the face of extreme disruptions, enabling data-rich and flexible grid performance, and spurring innovation at all stages of project ideation and execution.

KORE Power's Solutions division is backed by more than a half-century of experience in energy storage in some of the harshest and most remote places on earth, including Antarctica and isolated islands. Combined with advanced NMC & LFP battery cell technology, our unmatched experience separates us from the pack to help stabilize the grid during fluctuations and minimize disruptions during extreme weather events, ensuring critical facilities and infrastructure remain operational when the primary grid fails.

 

2. Prioritize energy justice as an essential component of infrastructure development by dramatically altering the relationship between energy providers and their communities.

KORE Power works closely with each client to create a solution that’s tailored to project need, ensuring peak reliability, efficiency, and safety for underserved or historically marginalized communities.

 

3. Catalyze and leverage private sector and non-federal public capital for impactful technology and infrastructure deployment

KORE Power combines next-generation battery cells and technology with AI-powered asset management to deliver scalable energy storage systems that open the door to decarbonization and the energy transition worldwide.


KORE Power is uniquely positioned in the energy storage space as the only U.S.-based manufacturer of energy storage technology to offer end-to-end control from the production floor to asset management. Fully customizable with the flexibility of being renewable or grid-tied, KORE Power energy storage solutions provide reliable ESS for commercial, industrial, and grid-scale applications.

Complete GRIP Program details are below, and concept papers are funding are due January 12th, 2024. We'd love to set up a call to discuss how partnering with KORE Power can leverage GRIP programs! Reach out to a sales team member directly or drop us a line at korepower.com/contact.

We look forward to hearing from you!

-----------------------------------------------

Grid Resilience Grants

Grid Resilience Grants support activities that reduce the likelihood and consequence of impacts to the electric grid due to extreme weather, wildfire, and natural disaster. The statutory language requires prioritization of projects that will generate the greatest community benefit (whether rural or urban) in reducing the likelihood and consequences of disruptive events.

- DOE is seeking projects that address comprehensive transformational transmission and distribution technology solutions that will mitigate one or multiple specific hazards across a region or within a community ii.

- 30% of the total funding for topic area 1 will be set aside for small utilities

Ineligible Projects: (1) a new electric generating facility; (2) a new large-scale battery-storage facility that is not used for enhancing system adaptive capacity during disruptive events; or (3) cybersecurity.
 

Eligible Applicants: Electric grid operator; electricity storage operator; electricity generator; transmission owner or operator; distribution provider; fuel supplier; And any other relevant entity, as determined by the Secretary.
 

Total Funding Cost Share Requirements Est. Number of Awards Estimated Award Size
$918m 100%* 10-20 $50m-$100m

Smart Grid Grants

Smart Grid Grants support activities that use cutting-edge, market-ready technologies. These technologies can include new devices, materials, engineering designs, or software tools.

  • DOE is seeking projects that focus on the use of innovative materials, tools, and engineering approaches to improve system capacity and flexibility. DOE is also seeking applications that meaningfully improve grid operators’ ability to use data to deliver benefits to ratepayers and support policy goals and de-risk broad adoption of innovative technologies.
  • DOE is focused on applications that propose to enable innovation at the substation level to promote system efficiency and agility given increasing penetration of intermittent generating resources and DERs.

Ineligible Projects: (1) Investments or expenditures for Smart Grid technologies, devices, or equipment that utilize specific tax credits or deductions under the Internal Revenue Code, as amended. (2) Expenditures for electricity generation, transmission, or distribution infrastructure or equipment not directly related to enabling Smart Grid functions

Eligible Applicants: Institutions of higher education; for-profit entities; non-profit and not-for-profit entities; and state and local governmental entities, and tribal nations.

Total Funding Cost Share Requirements Est. Number of Awards Estimated Award Size
$1.080b 50% 25-40 $10m - $50m

Grid Innovation Program

The Grid Innovation Program is targeted funding high-impact, innovative projects. DOE seeks applications that may include technical and/or non-technical approaches that improve grid reliability and resilience on the local, regional, and interregional scales.

  • DOE is focused on projects that improve the reliability and resilience of the electrical grid especially in light of the need for significant changes to grid infrastructure driven by additions of clean generation and electrification load, updates to legacy assets, and increasing stress from climate-related weather events and other threats to physical infrastructure.
  • DOE is focused on funding projects that demonstrate meaningful public/private partnership approaches through strategic involvement of both public and private sector actors

Ineligible Projects: For applications that contain a public-private sector partnership, an application that does not demonstrate a meaningful level of collaboration among the entities. o Applications for projects in which prime applicants propose to suballocate funding according to schema that lack sufficient detail for DOE to evaluate their potential impact, or that are presented at a concept-level stage.

Eligible Applicants: A State; a combination of 2 or more States; an Indian Tribe; a unit of local government; and a public utility commission.

Total Funding Cost Share Requirements Est. Number of Awards Estimated Award Size
$1.820b 50% 4-40 $0-$250m

 


 

*1/3rd Small Utility Exception

About KORE Power:

KORE is a leading U.S.-based developer of battery cell technology and integrated solution manufacturer for the energy storage and e-mobility sectors. With clients in energy storage, e-mobility, utility, industrial and defense markets, KORE provides battery products and solutions that are the backbone for decarbonization across the globe. KORE is uniquely positioned to serve these markets as an integrated provider of cells, batteries, and solutions. Commercial production at the KOREPlex is targeted for the end of 2024, early 2025. The KOREPlex will have an initial annual production capacity of 6 GWh of battery cells, which may be expanded to 12 GWh to meet market demand. KORE is headquartered in Coeur d’Alene, Idaho, with operations in Waterbury, Vermont, and Buckeye, Arizona.

Media Contacts

Aleysha Newton

Marketing Director

+1 (208) 758-9392
anewton@korepower.com

David Jakubiak

Aileron Communications

+1 (312) 629-9400 ext. 14
djakubiak@aileroninc.com