Winning the bid for 1 3 billion energy storage

Will Biden spend $1.3 billion on new power lines?

The Biden administration is announcing it will spend $1.3 billion of new federal funding to help create three new, massive electrical transmission lines in the Southwest and New England, in an effort to improve the nation’s power grid and get more renewable energy into America’s homes and businesses.

Where does Biden's $1 trillion infrastructure funding come from?

The funding for Biden's clean energy projects in Kentucky, West Virginia and Pennsylvania comes directly from the $1 trillion bipartisan infrastructure law, one of President Joe Biden’s hallmark legislative victories.

How much is trsdc's battery energy storage system worth?

TRSDC secured financial close on its own debt facilities for the project, totalling US$3.76 billion, last month. Huawei will supply the battery energy storage system (BESS), as reported by Energy-storage.news. Reported figures on its capacity vary between 1,200 MWh and 1,300 MWh, with either figure by far the largest off-grid BESS in the world.

Which states are benefiting from bipartisan infrastructure funding?

The article mentions that Kentucky and West Virginia are the other states benefiting from the bipartisan infrastructure funding. These states are solidly Republican and have been hit hard by the downturn in the coal sector. The funding comes from the $1 trillion bipartisan infrastructure law — one of President Joe Biden’s hallmark legislative victories.

Who has secured the US$1.302 billion senior debt facility?

Developers ACWA Power, SPIC Huanghe Hydropower Development Company and Saudi Tabreed Cooling Company have secured the US$1.302 billion senior debt facilities, ACWA announced last week (24 February).