The US House of Representatives has passed Joe Biden’s Build Back Better act, which now moves to the Senate, where negotiations will continue over the legislation.
The UK will exempt clean energy technologies from business rate rises while tenders for large-scale renewables will allow bids to include generation projects colocated with energy storage.
Investment tax credit (ITC) incentives for energy storage have been included in the US House of Representatives’ chief tax-writing committee, along with extensions to the solar ITC and reintroduction of a solar production tax credit (PTC).
Advocating for an investment tax credit for energy storage, a Day of Action will be launched tomorrow (8 September 2021) by the US national Energy Storage Association.
Recognising the multiple benefits and value streams that energy storage systems can bring, the Connecticut Public Utilities Regulatory Authority (PURA) has established a programme designed to spur 580MW of customer-sited storage deployment by 2030.
Lack of industrial policy and strategy and vulnerability to supply chain disruption are among the key things holding back the US’ position in global battery manufacturing.
Investment in energy storage in the US has gradually built up momentum, but what will really take it into the mainstream – and when? A panel of financiers discuss their opinions and experiences in this panel session.
Stem Inc’s shares begin trading on the New York Stock Exchange today, after the “artificial intelligence-driven clean energy storage services” company completed its business combination with special purpose acquisition company (SPAC) Star Peak Energy Transition Corp.
Stem Inc has completed a front-of-the-meter solar-plus-storage project in Massachusetts that will participate in New England’s wholesale markets run by system operator New England ISO.
