Developers SMT Energy and SUSI Partners have secured a tax equity financing agreement for 100MW of ERCOT, Texas battery storage projects with ‘specialised tax equity’ investor Greenprint Capital.

Ameresco will look for energy storage projects to own that the US clean energy solutions company can secure long-term revenues for.

Access to grid services markets could be a critical part of enabling wider adoption of solar PV and battery storage for low-income households, partners behind a new programme in California have said.

Two 5MW/10MWh battery storage units have entered commercial operation in Vermont, US, owned by Strata Clean Energy, deployed by LS Energy Solutions, and financed using the new investment tax credit (ITC).

The US Internal Revenue Service (IRS) has revealed how smaller and tax-exempt organisations can take advantage of clean energy investment tax credits (ITC), with guidance on direct pay and transferability.

Inflation Reduction Act looks to be safe from cuts to maintain the national debt ceiling, according to Wood Mackenzie Power & Renewables.

Eolian has taken the amount of financing it has raised in just three years since founding to more than a billion-and-a-half-dollars.

The US’ installed base of utility-scale battery energy storage systems (BESS) increased by 80% in 2022, as the industry had a record-breaking year.

BESS projects in the US need to be 40% US-made to qualify for the ITC domestic content adder, rising to 55% from 2027 onwards, the IRS has said.

Inflation Reduction Act has created buzz but not yet business deals for flow battery maker ESS Inc, according to CEO Eric Dresselhuys.