The new system integrator arm of South Korean battery and storage system manufacturer LG Energy Solution has already racked up 10GWh of project orders in the US.
More detailed proposed regulations around the US government’s 45X tax credit for domestic clean energy manufacturing have been released, clarifying what battery components and materials qualify.
Cost and availability of raw materials is the biggest among a number of challenges that must be addressed if US-made products will be able to meet demand for battery storage in the country.
A tax credit transaction worth US$60 million using new transferability mechanisms from the Inflation Reduction Act has closed, for a BESS project deployed by Energy Vault for W Power and Wellhead Electric.
The US Department of Energy (DOE) has earmarked up to US$3.5 billion of new capital for battery manufacturing, a week after European gigafactory company Freyr announced it would only be scaling in the US for now.
Eric Dresselhuys, CEO of iron and saltwater electrolyte flow battery provider ESS Inc speaks to Energy-Storage.news about markets, strategy and profitability for long-duration energy storage (LDES).