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.

“It won’t be long” before Tesla’s stationary energy storage business is shipping 100GWh a year, CEO Elon Musk has claimed.

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).

“This solution is fully bankable and financeable in the States,” says Terry Chen, VP of Trina Solar North America.

Spanish sustainable energy developer X-Elio is expanding a solar PV plant in Queensland, Australia, with the addition of battery storage.

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.”

IPP JCM Power and the US Trade and Development Agency (USTDA) are procuring a feasibility study for a project in Malawi combining a 50MW wind and 100MWh BESS.