The Inflation Reduction Act brought a sense of confidence and certainty to the business of clean energy. Lawyers Adam Schurle and Morten Lund at Foley Lardner take a closer look at what that means for tax equity financing of energy storage, while exploring some of the questions still to be answered.

China-headquartered lithium-ion battery manufacturer Gotion High-Tech has announced a new US$2 billion gigafactory in Illinois, US, targeting the EV and energy storage system (ESS) markets.

Blackrock-owned developer Akaysha and Japanese conglomerate Itochu have entered into a strategic alliance to develop battery storage projects in Japan.

Gresham House has released annual accounts for the first half of 2023, showing lower H1 2023 revenues and a drop in share value.

RayGen, a startup with a novel high-temperature thermal energy storage tech, has marked opening of a 50MWh plant in Victoria, Australia.

Enervenue’s new metal-hydrogen ‘vessel’ has “even more advantages over lithium-ion for stationary storage applications”, its CRO has claimed.

Confirming reports made earlier this week, UK battery storage developer Zenobē Energy has secured c.£600 million from investment firm KKR.

Gore Street Energy Storage Fund and LS Energy Solutions are partnering on a 200MW/400MWh battery storage project in California.

Developer Flexen has put 1GW of standalone battery energy storage system (BESS) projects into the interconnection queue in Chile, the first of that scale in the country, the firm claimed.

Oil and gas major Shell is putting its residential battery storage and virtual power plant (VPP) company sonnen up for sale, according to German outlet Handelsblatt.