US battery storage developer Key Capture Energy has sold investment tax credits (ITCs) for battery energy storage system (BESS) projects in New York and Texas, using new transferability rules.

We bring you some predictions of what might be in 2024, in the first-ever edition of the Energy-Storage.news Premium Friday Briefing.

Engineering, procurement and construction (EPC) firm Burns & McDonnell contributes to our end of year review series, looking back on 2023 and ahead to 2024.

China-headquartered lithium-ion battery maker Gotion High-Tech has produced the first battery pack at its new factory in California’s Silicon Valley.

As with previous years, our year in review wrap up of 2023 includes interviews with a handful of industry players from around the sector.

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.

GE Vernova has signed a term sheet for the supply of lithium iron phosphate (LFP) battery modules from US startup Our Next Energy (ONE).