The transferability provisions under the Inflation Reduction Act (IRA) in the US “will unlock billions” in capital for clean energy, said financing firm Evergrow as it claimed the first tax credit transfer transaction.

Developer Hexagon is talking to investment bankers with a view to selling a portfolio of battery storage projects in the ERCOT, Texas market, totalling 2GW.

EVLO Energy Storage, a battery energy storage system (BESS) integrator and manufacturer, has been selected to provide 4-hour duration battery storage solutions to three projects in Ontario, Canada.

Jigar Shah, the clean energy industry veteran leading the US Department of Energy Loan Programs Office, speaks with Energy-Storage.news.

Nine projects pairing solar or wind with energy storage submitted environmental impact assessments in Chile last month.

Energy-Storage.news caught up with Yann Brandt, chief commercial officer (CCO) at FlexGen, the US system integrator with a strong focus on software through its Hybrid OS controls platform.

Sodium-ion battery technology firm Peak Energy has emerged from stealth, with US$10 million in funding and a management team comprising ex-Northvolt, Tesla, Enovix and SunPower executives.

The US Department of Defense Defense Innovation Unit will try out ‘prototype advanced energy systems’ based around LDES technologies.

Tucson Electric Power, a utility company in the US state of Arizona, plans to own and operate a 200MW/800MWh battery storage system.

Round-trip efficiency of alternative storage technologies is the standout metric for assessing their potential versus lithium-ion.