IPP Ormat Technologies has put an 80MW/320MWh BESS in California into commercial operation, and will now leverage the investment tax credit (ITC) for which it is eligible.
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.
Gridstor, a US-based developer and operator of grid-scale battery storage systems, has kicked off construction of its first project in the Texas ERCOT market.
In the rapidly growing but still relatively new battery energy storage sector, equipment procurement and integration for large projects presents numerous risks.
Sungrow will provide Spearmint Energy with more than a gigawatt-hour of battery energy storage system (BESS) technology after signing an agreement with the US developer.
In this Q&A, Enel North America CEO Paolo Romanacci discusses the IPP’s operational BESS projects, pipeline and deployments as well as his views on wider US industry challenges.