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A new project led by the National Renewable Energy Laboratory (NREL) and funded by the U. Department of Energy's (DOE's) Geothermal Technologies Office aims to address these cooling-system challenges by incorporating geothermal underground thermal energy storage (UTES). . UEST is a strategic partnership of the HOT Energy Group, the ILF Group, CAC Engineering and RED Drilling & Services. The consortium fuses the individual partners' decades of project management and broad expertise in underground storage technologies. UEST's Centre of Excellence empowers leaders by. . On Thursday, the Biden administration offered a $ 1. 76 billion conditional loan guarantee for GEM A-CAES, a wholly owned subsidiary of Canadian startup Hydrostor. 76 billion conditional loan guarantee to Hydrostor's Willow Rock advanced compressed-air energy storage project in California, which aims to store energy using compressed air in underground caverns. In 2026, replicas of the system will begin popping up on multiple continents. This giant bubble on the island of Sardinia holds 2,000 tonnes of carbon dioxide. The California Energy Commission has issued its final permit for the Willow Rock Energy Storage Center, a first-of-its-kind energy. .