We hear from two platforms facilitating domestic content investment tax credit (ITC) deals in the US, tax credit deal ecosystem Crux and procurement platform Anza, on how far the incentive has penetrated the energy storage market.

Solar PV and BESS firm Canadian Solar will build a BESS and cell manufacturing facility in Kentucky, in a factory which was recently vacated by metal-hydrogen battery company EnerVenue.

Construction is underway on a 100MWh thermal energy storage project in Finland, using the same ‘Sand Battery’ technology as a 8MWh system which came online in 2022.

System integrator NHOA Energy will provide Spanish transmission system operator (TSO) Red Eléctrica with 140MW/105MWh of BESS for two separate storage-as-transmission projects on the Balaeric Islands.

Avadis Investment Foundation is buying a BESS project in Switzerland which could be the country’s largest when it is scheduled to come online in 2027.

Steag subsidiary Iqony and Fluence will deploy a 50MW/200MWh BESS project in Germany, part of which will be contracted under a PPA with train network operator Deutsche Bahn.

A flurry of news on DOE Loan Programs Office project loans could show a rush to get deals done before Trump’s administration takes office.

Last week (7 November) saw bids opened for a 75MW/300MWh BESS tender launched by the government of Honduras, in Central America.

Progress on another US Department of Energy (DOE) loan for the battery sector has been announced, this time by NeoVolta, the third in the space of a week since the US election.

Eos, ESS Tech Inc and Energy Vault, the three big-name non-lithium energy storage firms that listed via SPAC deals, saw weak third quarter results.