The US is likely to install record setting amounts of battery storage this year, demonstrating the acceptance the technology has found in the power sector and as an integral part of the clean energy transition.
Investment tax credit (ITC) incentives for energy storage have been included in the US House of Representatives’ chief tax-writing committee, along with extensions to the solar ITC and reintroduction of a solar production tax credit (PTC).
US Vanadium has followed up a recent commitment to ramp up its flow battery electrolyte production with a deal to secure vanadium feed material and the acquisition of a processing plant near its existing facilities in Arkansas.
A five-year long project to trial the use of energy storage at community-scale in a Western Australian suburb achieved an 85% reduction in consumption of energy from the grid at peak times for participating households.
US Vanadium, which counts high purity electrolyte for flow batteries among its range of vanadium products, has said it will expand its annual electrolyte production capacity to 2.25 million litres a year in response to demand.