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.
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).
The first pumped hydro energy storage (PHES) project to be built at a former coal mine in the US will receive up to US$81 million in Department of Energy (DOE) funding.
Energy Dome has signed a contract with Alliant Energy for a 200MWh long-duration energy storage (LDES) project in Wisconsin, which the US utility considers the “first of many.”
Gridstor, a US-based developer and operator of grid-scale battery storage systems, has kicked off construction of its first project in the Texas ERCOT market.
Aura Power-ib vogt JV, along with Neoen, have recently submitted applications with the Alberta Utilities Commission to construct three projects with a 425MW/1,250MWh cumulative battery storage capacity.
Specialist renewable energy insurance company kWh Analytics considers thermal runaway to still be the single most important risk that energy storage system developers must consider.
World leaders attending COP29 next month have been encouraged to sign a pledge to collectively increase global energy storage capacity to 1,500GW by 2030.
Developer and IPP Elevate Renewables will deploy a grid-forming BESS at a fossil fuel peaker plant in Connecticut, US, with US$27.5 million from the Department of Energy (DOE).
