The IRS has released an amended cost breakdown of BESS to be used for calculating if a product qualifies for domestic content tax credit incentives, with an increase in US suppliers in the coming quarters.
LG Energy Solution is ‘proactively responding to market volatilities’ that have seen the South Korean battery manufacturer’s annual operating profits slide 73.4%.
Speaking with Energy-Storage.news, North American lithium-ion battery recycling specialist Li-Cycle said that battery recycling will help the US become less reliant on foreign imports and “help bolster energy independence and national security.”
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State-owned power producer PGE Group has selected LG Energy Solution to provide the BESS for a 263MW/900MWh project it will build in Poland, for a total of PLN 1.555 billion (US$385 million).
Masdar has announced preferred suppliers and contractors for its 5.2GW solar PV and 19GWh battery storage project in Abu Dhabi, United Arab Emirates (UAE).
Chinese battery manufacturer Rept Battero has announced plans to develop an 8GWh gigafactory in Indonesia specialising in lithium-ion cells for battery energy storage systems (BESS).