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.
IPP Genera PR has chosen Tesla to provide the BESS technology for a 430MW/1,720MWh pipeline of projects in Puerto Rico, set to enter commercial operations at the end of 2025.
Power from new co-located renewable energy and battery projects in California will be bought by Amazon and a number of Community Choice Aggregators (CCAs).
