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Long-duration energy storage developer and operator, Hydrostor, has reached a conditional commitment for a loan guarantee of up to $1.76 billion with the U.S. Department of Energy's (DOE) Clean Energy Financing Program (including approximately $1.5 billion of principal and approximately $280 million of capitalized interest). Once finalized, the loan guarantee will help to fund the Willow Rock Energy Storage Center, a 500 MW advanced compressed air energy storage (A-CAES) project to be built in R...