The US Department of Energy (DOE) has provided US$7.9 million for a 50MWh battery energy storage project using second life EV batteries in the ERCOT, Texas market, by Element Energy and NextEra Energy Resources.
Planned lithium-ion battery gigafactory capacity in the US has grown twice as fast as in Europe since the Inflation Reduction Act was passed, Benchmark Minerals Intelligence told Energy-Storage.news.