India’s Reliance Industries has completed the takeover of sodium-ion battery company Faradion, while Amazon is set to trial a novel flow battery technology.
System integrator Stem Inc has seen huge falls in quarterly revenue and bookings as it shifts its business model away from BESS hardware solutions towards higher-margin software and service offerings.
Spanish independent power producer (IPP) Grenergy has secured a 1.25GWh energy storage supply agreement with CATL for its Oasis de Atacama project in Chile.
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.
