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.

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.

Long-duration energy storage (LDES) projects in the US will be able to compete for a share of “nearly US$350 million” of government funding.

Canada’s government will introduce tax incentives for clean energy technologies, including solar PV, battery storage, and hydrogen.

Energy storage industry executives have urged US legislators to swiftly reach a consensus on the Build Back Better Act, with a strong emphasis on introducing the investment tax credit (ITC) for standalone storage.