The US Treasury and Internal Revenue Service (IRS) have finalised the rules and process for the 45X advanced manufacturing tax credit, which effectively provides a subsidy to domestic clean energy technology manufacturing, including batteries.

Transferability and the Inflation Reduction Act (IRA) have opened up tax equity financing to the wider corporate world, but significant risks remain with so many new entrants, tax credits specialist Foss & Company told Energy-Storage.news.

KORE Power CEO Lindsay Gorrill speaks with ESN Premium about the US startup’s manufacturing plans, why NMC won’t go away anytime soon, and where he thinks the BESS market is going.

In the rapidly growing but still relatively new battery energy storage sector, equipment procurement and integration for large projects presents numerous risks.

Global energy storage players Fluence and Saft on moves to onshore production for the US market.

Would-be battery manufacturers that could serve the US energy storage industry with domestically made cells are facing a “perfect storm,” Energy-Storage.news has heard.

Battery energy storage system (BESS) integrators Fluence and Saft have launched US domestic manufacturing, of modules and BESS containers respectively.

Georgia Power has secured a battery and equipment supply agreement (BESA) with Tesla for a 500MW/2,000MWh BESS portfolio made up of four projects of varying sizes under development by the investor-owned utility (IOU).

Update 28 August 2024: Redwood Coast Energy Authority (RCEA) voted to continue being part of the ESSA, as did CC Power.

Tesla more than doubled its ‘all-time-high’ quarterly deployment numbers for energy storage in the second quarter of this year.