On the first day of All-Energy Australia 2024, held in Melbourne on October 23, Kate Clark, programme manager at Victoria’s Department of Energy, Environment, and Climate Action, stated: “There are many different definitions and types of value that can be generated by community batteries.”
Lithium-ion OEM LG Energy Solution will slow its expansion to focus on increasing utilisation at existing production lines, while also starting battery production in the US for energy storage next year, it revealed in its quarterly results.
The US Treasury and Internal Revenue Service (IRS) have finalised the rules and process for the 45X advanced manufacturing tax credit, which effectively provides a subsidy to domestic clean energy technology manufacturing, including batteries.
Transferability and the Inflation Reduction Act (IRA) have opened up tax equity financing to the wider corporate world, but significant risks remain with so many new entrants, tax credits specialist Foss & Company told Energy-Storage.news.
Automotive group Mercedes-Benz has inaugurated what it claimed is the first integrated hydrometallurgical facility in Europe for battery recycling in Baden-Württemberg, Germany.
Singapore’s government and Energy Market Authority have announced power sector and grid enhancements, including a possible expansion of Southeast Asia’s biggest battery storage plant.
