Data from UK consultancy Cornwall Insight shows that profits for battery storage units in the country will rebound by 2026 after “an extended period of underperformance”.
French independent power producer Neoen confirmed that stage one of the 219MW/877MWh Collie battery energy storage system in Western Australia has been completed.
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 South American Andes regional arm of utility and IPP AES has started commercial operations on a project in Chile pairing 211MW of solar and a 130MW/650MWh BESS.
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.
Council members at the City of Katy in Texas have voted to deny a Special Use Permit (SUP) for a 500MW standalone BESS project proposed by independent power producer (IPP) Vesper Energy.
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.
