Tariffs announced on ‘Liberation Day’ have already caused battery storage project deals to fall through in the US, Energy-Storage.news has heard.

The largest battery storage facility in India is now online and was visited last week by the country’s Prime Minister, Narendra Modi.

As India’s Union government prepares the fiscal year 2024-2025 budget for its unveiling, trade group India Energy Storage Alliance (IESA) has offered some recommendations to support the technology.

Inflation Reduction Act looks to be safe from cuts to maintain the national debt ceiling, according to Wood Mackenzie Power & Renewables.

Dr Rahul Walawalkar, founder & president of IESA, gives us an exclusive recap from India Energy Storage Week.

Australia’s Federal Budget included AU$4 billion new investment in energy, confirmation of tenders for renewables and energy storage.

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.

“Overall we are very happy with the direction of the budget,” says Dr Rahul Walawalkar, president of the India Energy Storage Alliance (IESA).

India has committed to helping fund 4,000MWh of battery storage in its Union Budget and will come up with support mechanisms for pumped hydro.

India’s upcoming Union Budget should include tax-based incentives for energy storage, the India Energy Storage Alliance (IESA) has said.