Energy-Storage.news Premium speaks with Ravi Manghani at Anza Renewables about why some BESS developers are forgoing the ITC altogether.

The US clean energy manufacturing industry is starting to undergo a wholesale restructuring and recapitalisation as companies look to reduce their exposure to numerous risks, including FEOC. 

Geothermal and battery storage firm Ormat Technologies’ 80MW/320MWh Shirk battery energy storage system (BESS) in Visalia, California, US, has reached commercial operation.

ESN Premium takes advantage of an opportunity to compare Europe and US energy storage markets with Wood Mackenzie energy storage analysts.

From the US, Maxwell Technologies is acquired for its third time, by Clarios, Fullmark Energy completes a tax credit transfer, and OATI partners with Colville Tribes on microgrid solutions.

US zinc battery and energy storage system maker Eos Energy Enterprises has reported year-on-year revenue growth of 243% from the first half of 2024.

Energy storage developer and system integrator Energy Vault has successfully closed a US$18 million financing for its Cross Trails battery energy storage system (BESS) project in Scurry County, Texas, US.

Tesla energy storage division saw its highest quarterly gross profits as the company’s automotive business continued to see dampened demand.

LG Energy Solution (LG ES) will nearly double the production capacity of battery cells for energy storage systems (ESS) at its Michigan, US, factory by the end of 2026.

US battery storage deployments could fall by 29% in 2026 due to ongoing policy uncertainty, according to Wood Mackenzie.