The Inflation Reduction Act could “suck the oxygen out” of the Latin American (LatAm) energy storage market, the CEO of pan-American energy storage firm On.Energy said.
Canada will introduce tax credit incentives and invest in developing and manufacturing solar PV, energy storage and other renewable energy technologies in an Inflation Reduction Act-style scheme.
Canadian utility NB Power has issued a Request for Expressions of Interest (REOI) seeking to establish 50MW of energy storage and 220MW of renewables capacity in New Brunswick, Canada.
Peak Power, an Ontario-based C&I-focused energy storage and software firm, has secured a US$200 million financing agreement with Madison Energy Investments (MEI).
Some proposed battery storage projects have been cancelled in the US and Canada since the start of this year, after facing opposition from local communities.
