A US$25 million virtual power plant (VPP) programme has been launched in Perth, Western Australia, while in the US, technology providers Enphase, Sunverge and LG have announced their involvement in VPPs in Arizona and California.
Red tape, costs and logistical hurdles for large-scale battery storage and hybrid systems to participate in Australia’s National Electricity Market (NEM) will be cut under new Australian Energy Market Commission (AEMC) rules.
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.
