Durion, a 24/7 renewable power and heat supplier, has secured a
conditional $1.6 million award from
the U.S. Department of Energy's Solar Energy Technologies Office
(SETO). This financing will support commercial deployment of
Durion's proprietary thermal storage technology, boosting the
industrial sector's access to reliable, low-cost renewable power
and reinforcing the U.S. as the leader in sustainable energy
solutions.
WHITE
RIVER JUNCTION, Vt., July 31,
2024 /PRNewswire-PRWeb/ -- Durion, a 24/7
renewable power and heat supplier, has secured a conditional
$1.6 million award from the
U.S. Department of Energy's Solar Energy Technologies
Office (SETO). This financing will support
commercial deployment of Durion's proprietary thermal
storage technology, boosting the industrial sector's access to
reliable, low-cost renewable power and reinforcing the
U.S. as the leader in sustainable energy
solutions.
"For the first time ever, businesses with
continuous operations will be able to use renewable power and heat
over a 24-hour period at a cost lower than retail prices," said
Durion CEO Will Cappelletti.
Durion's selection by SETO underscores the promise of the
company's technology to scale low cost, long duration clean energy
storage at distributed scale for a wide range of customers, from
chemical plants and data centers, to hospitals and food/beverage
manufacturers.
"For the first time ever, businesses with continuous operations
will be able to use renewable power and heat over a 24-hour period
at a cost lower than retail prices," said Durion CEO Will Cappelletti.
Durion's system stores thermal energy from solar power for
distributed-scale customers. With a patented design based on water
and steel, Durion's storage system leverages existing US supply
chains and labor, making 24/7 renewable power widely available at
low cost. This award will enable Durion's first commercial-scale
project, building on field deployment of the technology already
made possible through previous DOE funding.
Durion was selected as a part of the SETO Solar-thermal Fuels
and Thermal Energy Storage via Concentrated Solar-Thermal Energy
funding program. Projects in this funding program will integrate
concentrating solar-thermal systems with fuel production processes
and develop long-duration energy storage.
The company will continue to work with businesses to provide
energy resilience while simultaneously lowering costs and
decarbonizing key inputs to their manufacturing processes.
About Durion
Durion is on a mission to provide commercial and industrial
customers across the United States
with carbon-free energy using its innovative thermal energy storage
system. The company's patented, water-based system provides onsite
generation and long duration storage at ultra low cost enabling
truly affordable 24/7 renewable power and heat at distribution
scale.
About the Solar Energy Technologies Office
The U.S. Department of Energy Solar Energy Technologies Office
supports research, development, demonstration, and technical
assistance to improve the affordability, reliability, and domestic
benefit of solar technologies to support an equitable transition to
a decarbonized energy sector. Learn more
at energy.gov/solar-office.
Media Contact
Will Cappelletti, Durion, 1 (802)
962-6178, info@durion.com, https://durion.com
View original content to download
multimedia:https://www.prweb.com/releases/durion-secures-1-6m-doe-award-bolstering-us-leadership-in-low-cost-247-renewable-power-302210120.html
SOURCE Durion