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Powin picks Jabil to manufacture BESS in the US, starting in Q4 2023

May 24, 2023
Global battery storage system integrator Powin has selected manufacturing firm Jabil Inc to produce its Stack750E utility-scale energy storage product in the US.
standalone investment tax credit ITC overbuild augmentation wartsila eolian
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IRS reveals phased 40-55% domestic content BESS requirement to 2027 for ITC adder

May 16, 2023
BESS projects in the US need to be 40% US-made to qualify for the ITC domestic content adder, rising to 55% from 2027 onwards, the IRS has said.
energy storage summit usa tax equity ITC
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‘Early days’ for standalone ITC with tax equity appetite and ‘domestic content’ unclear

April 19, 2023
There is a long way to go before the new standalone storage investment tax credit (ITC) starts to really make a dent in the market, speakers and delegates at the Energy Storage Summit USA last month said.
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Microvast commits to becoming an industry leader with high energy density, long-life utility-scale ESS solution and new Energy Division

March 14, 2023
Technology innovator Microvast recently launched its new Energy Division with the release of an industry-leading battery energy storage system.
Sumitomo Electric exhibiting at a trade event in Tokyo, Japan in 2020. Image: Andy Colthorpe / Solar Media

Sumitomo Electric to expand US flow battery business

February 13, 2023
Sumitomo Electric will step up its VRFB business in the US, with plans to invest in local production and installation capabilities.
Rendering of a 4.3MWh Microvast ME-43000-UL ESS Container unit. Image: Microvast.

Microvast wins 1.2GWh BESS contract, weeks after EV battery maker’s energy division launch

December 8, 2022
Microvast, a Texas-headquartered company manufacturing battery cells and storage systems, has won 1.2GWh battery storage deal.
Fluence's Kiran Kuraswamy (right) and American Clean Power Association VP for energy storage Jason Burwen celebrating the Inflation Reduction Act on the White House lawn last week. Image: Jason Burwen via LinkedIn

Inflation Reduction Act has already transformed energy storage industry thinking

September 21, 2022
Inflation Reduction Act legislation is an unexpected “huge shot in the arm” for that could double the addressable domestic market.
Energy Renaissance claimed its lithium battery solutions are designed and built with deployment in the heat and humidity of Australia and much of the wider Asia-Pacific region in mind. Image: Energy Renaissance.

Pilot production begins for Australia’s first lithium battery gigafactory

September 5, 2022
Pilot production has been established by an Australian company making lithium-ion battery storage solutions designed for hot climates.
Fluence Cube units at one of the company's Gridstack utility-scale BESS projects. Image: Fluence.

Fluence targets growth potential in India, forming JV with independent power producer ReNew Power

January 20, 2022
Fluence is forming a new company with independent power producer (IPP) ReNew Power, aimed at providing energy storage solutions in India.
Genex solar farm in Kidston, Queensland, close to the site of the 2GWh PHES plant the company has under construction. Image: Genex.

Queensland government seeks preferred suppliers of megawatt-scale battery storage technology

November 8, 2021
A state government-owned energy corporation in Queensland, Australia, is looking to build a list of preferred suppliers of large-scale battery energy storage system (BESS) technology.

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Chile: Engie energises 418MWh BESS, Canadian Solar wins turnkey contract for 312MWh project

KKR provides US$450 million debt financing for US BESS firms Powin and Peregrine

UK’s Gresham House says first-half 2024 results hit by ‘especially difficult market conditions’

Tesla revealed as only AAA-Rated supplier in new Battery StorageTech bankability report

Dais Energy ‘getting in market early’ with 250MW Denmark partnership

US set grid-scale BESS deployment record in second quarter of 2024

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