November 26, 2024
Global Renewable News

ALLIANT ENERGY CORPORATION
Revolutionary energy storage project surges forward
Project filing positions Wisconsin as a national leader in energy security and reliability

August 27, 2024
Alliant Energy announced it filed a landmark project application with the Public Service Commission of Wisconsin (PSC). The application seeks approval for the Columbia Energy Storage Project, a first-of-its-kind energy storage system that will usher in a new wave of long-duration energy storage solutions in the country. 

"At Alliant Energy, we are dedicated to pioneering sustainable solutions that benefit our customers and the communities we serve," said Raja Sundararajan, executive vice president of strategy and customer solutions at Alliant Energy. "This is a pivotal moment in our transition toward more reliable, sustainable and cost-effective energy solutions." 

The Columbia Energy Storage Project uses a new technology, designed by Energy Dome. The system's unique features will boost grid stability, improve resilience and deliver enough electricity to power approximately 18,000 Wisconsin homes for 10 hours on a single charge.

"Innovative systems like the Columbia Energy Storage Project are increasing energy security for our customers and strengthening our nation's power grid," said Mike Bremel, director of technical solutions and federal funding at Alliant Energy. "This project represents an incredible opportunity to advance the goals outlined in our Clean Energy Vision and build toward a more sustainable and reliable energy future for all."

Alliant Energy filed the project application with the PSC after securing a competitive cooperative agreement award from the U.S. Department of Energy's Office of Clean Energy Demonstrations. Development of the Columbia Energy Storage Project is led by Alliant Energy in partnership with WEC Energy Group, Madison Gas and Electric, Shell Global Solutions US, Electric Power Research Institute, the University of Wisconsin-Madison and Madison College. 

Pending approval, crews will build the energy storage system south of Portage, Wisconsin, in the town of Pacific, near the current Columbia Energy Center. For more information on Alliant Energy's energy storage projects, visit alliantenergy.com/battery.

About Alliant Energy
Alliant Energy Corporation (NASDAQ: LNT) provides regulated energy service to 1 million electric and 425,000 natural gas customers across Iowa and Wisconsin. Alliant Energy's mission is to deliver energy solutions and exceptional service customers and communities count on - safely, efficiently and responsibly. Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL) are Alliant Energy's two public energy companies. Alliant Energy is a component of Bloomberg's Gender-Equality Index and the S&P 500. For more information, visit alliantenergy.com and follow Alliant Energy on LinkedIn, Facebook, Instagram and X.

About Energy Dome
Energy Dome is revolutionizing energy storage and enabling grid decarbonization by making solar and wind power dispatchable 24/7. The company invented and developed the CO2 Battery , a long-duration energy storage system that makes long-duration energy storage viable globally today. The properties of carbon dioxide allow the system to store energy efficiently and cost-effectively, with a modular and site-independent footprint. CO2 Batteries use readily available, off-the-shelf components from reliable, existing supply chains, providing a scalable pathway to store massive amounts of intermittent renewable energy and accelerate the energy transition. For more information, please visit energydome.com.

About the Office of Clean Energy Demonstrations
The U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) was established to accelerate clean energy technologies and fill a critical innovation gap on the path to achieving our nation's climate goals of net zero emissions by 2050. OCED's mission is to deliver clean energy demonstration projects at scale in partnership with the private sector to accelerate deployment, market adoption and the equitable transition to a decarbonized energy system. Visit energy.gov/oced to learn more.

Forward-looking statement
This document includes forward-looking statements. These statements can be identified because they include words such as "approximately," "plan," "expect," "will," or other words or expressions of similar import. Similarly, statements that describe the Columbia Energy Storage Project and our clean energy vision are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, the statements. Actual results could be materially affected by the following factors, among others: The inability to obtain regulatory approvals or necessary permits in a timely manner; state regulatory actions that delay or reject the proposed plans, or that include terms that make the plans uneconomical, including rate recovery levels and returns on equity; federal governmental actions that delay or change the terms or amount of the proposed grant or include terms that make the grant uneconomical; the inability to obtain necessary equipment and labor in a timely manner; the ability to complete construction of the storage project by planned in-service dates and within the cost targets set by regulators due to cost increases of and access to materials, equipment and commodities including due to inflation, tariffs, duties or other assessments, labor issues or supply shortages, the ability to successfully resolve warranty issues or contract disputes; unforeseen engineering or technology issues; unanticipated construction issues, delays or expenditures; failure of equipment and technology to perform as expected; political conditions in Alliant Energy's and WPL's service territories; changes to Alliant Energy's or WPL's access to capital markets; current or future litigation, regulatory investigations, proceedings or inquiries; and economic conditions in Alliant Energy's service territory. These factors should be considered when evaluating the forward-looking statements and undue reliance should not be placed on such statements. The forward-looking statements included herein are made as of the date hereof and Alliant Energy and WPL undertake no obligation to update publicly such statements to reflect subsequent events or circumstances.  

Alliant Energy Corporation (NASDAQ: LNT) provides regulated energy service to 1 million electric and 425,000 natural gas customers across Iowa and Wisconsin. Alliant Energy's mission is to deliver energy solutions and exceptional service customers and communities count on - safely, efficiently and responsibly. Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL) are Alliant Energy's two public energy companies. Alliant Energy is a component of Bloomberg's Gender-Equality Index and the S&P 500. For more information, visit alliantenergy.com and follow Alliant Energy on LinkedIn, FacebookInstagram and X.

Media Contact
Tony Palese
tonypalese@alliantenergy.com
(608) 458-3132

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For more information

Alliant Energy Corporation
4902 N Biltmore Ln
Madison Wisconsin
United States 53707-1007
www.alliantenergy.com


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