Xcel Energy announced that it has received a grant of up to $70M from the U.S. Department of Energy, or DOE. The award will partially fund two long duration energy storage systems in Minnesota and Colorado. “As we explore cutting-edge technologies to accelerate our journey toward 100% carbon-free electricity, we are committed to also keep our services affordable for our customers. The Department of Energy grant provides crucial financial support for projects that will provide reliable, low-cost renewable energy to the communities we serve,” said Bob Frenzel, chairman, president and CEO of Xcel Energy.
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