Gore Street Energy Storage Fund will provide a Goldman Sachs subsidiary with power from its Big Rock BESS in California via a 12-year, fixed price Resource Adequacy (RA) contract.
Cost disclosure requirements needed in order to qualify for IRA’s investment tax credit (ITC) domestic content adder could prove problematic for ESS providers, sources told Energy-Storage.news.
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 new investment tax credit (ITC) for standalone energy storage means some US developers are opting to overbuild systems instead of augmenting them further down the line.
Renewable energy development company Ameresco has signed a non-exclusive purchasing framework with system integrator Powin Energy, totalling 2.5GWh of Powin’s Stack750 battery energy storage system (BESS) product until 2025.
LS Energy Solutions is the latest energy storage technology provider to launch modular all-in-one battery energy storage system (BESS) units for the utility-scale, as well as commercial and industrial (C&I) markets.
